What did Spanish Empire trade?

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What did New Spain trade?

Vanilla, sugar, henequén, cotton and tobacco also become lucrative crops as the demand for these products increased in markets abroad. Considerable revenue was also generated through Spain’s complex duty and tax system. All goods imported to the colonies were carried by Spanish ships manned by Spanish crews.

What did the Spanish empire produce?

However, despite the valuable importations of cacao, sugar, cotton, hides, dyewoods, tobacco and other American produce, current ‘bullionist’ economic theories caused the nation’s main interest to focus upon the gold and silver, the pearls and emeralds, the so-called ‘riches’ of the New World.

What did New Spain export?

Agricultural production was directed to internal markets, while exports consisted mainly of precious metals and animal hides. … However, silver soon became the dominant colonial product, followed by the red dye cochineal, and by the late sixteenth century, silver accounted for 80 percent of all exports from New Spain.

What did Spain import from the New World?

Gold and silver from the New World

New products such as potatoes, tomatoes and corn had a long-lasting impact on the Spanish economy, but more importantly on European demographics.

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What did the Spanish colony trade?

West African slaves continued working the sugar plantations on Hispaniola (now Haiti and the Dominican Republic) and other islands until the mid-19th century. This solved the trade imbalance by giving the Spanish merchants something to sell in return for the gold, silver, and sugar produced in the New World.

What happened during the Spanish colonization?

Spanish colonialism began with the arrival of Miguel López de Legazpi’s expedition on February 13, 1565, from Mexico. He established the first permanent settlement in Cebu. … Spanish colonial rule saw the introduction of Christianity, the code of law, and the oldest modern university in Asia.

What did Spain trade in the 1500s?

Overseas exploration contributed to the rapid development of Spanish and Portuguese trade in the 1500s. Spain brought silver from the Americas, and Portugal imported slaves, sugar, and other goods from Africa.

What 3 cultures did the Colonial Spanish Americas bring together?

Though influenced by Spanish traditions from the Iberian peninsula, the culture that emerged in the colonial New World was a mixture of European, African, and local Native customs.