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Economic Factors of Latin America Stephanie Lee
Economics The Spanish had technological advantages in weaponry such as cannons, handguns, and steel armor. Having such advanced technology, the Spanish were able to advance in their conquest. Steel swords were the Spaniards early advancements, giving them a leap in combat against the Indians.  Seven Myths of the Spanish Conquest, Chapter Seven, The Myth of Superiority
Economics The Economy was Feudal.  The economy of early Latin America consisted of landed serfs, lords and manors in communities.
Economics The Spanish profited off the land and labors that the Native Americans were contributing.  Latin America was constantly trading with Europe which opened up the gateway for other countries to collaborate.
Economics “Sociologists, economists, and historians who see capitalism as the guiding economic principle of colonial Latin America often emphasize that a capitalist system was beginning to operate in Europe and that Latin America helped to fuel it, even if early Latin America itself was not simply capitalist”. –Professor William Taylor

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Economic factors of latin america

  • 1. Economic Factors of Latin America Stephanie Lee
  • 2. Economics The Spanish had technological advantages in weaponry such as cannons, handguns, and steel armor. Having such advanced technology, the Spanish were able to advance in their conquest. Steel swords were the Spaniards early advancements, giving them a leap in combat against the Indians. Seven Myths of the Spanish Conquest, Chapter Seven, The Myth of Superiority
  • 3. Economics The Economy was Feudal. The economy of early Latin America consisted of landed serfs, lords and manors in communities.
  • 4. Economics The Spanish profited off the land and labors that the Native Americans were contributing. Latin America was constantly trading with Europe which opened up the gateway for other countries to collaborate.
  • 5. Economics “Sociologists, economists, and historians who see capitalism as the guiding economic principle of colonial Latin America often emphasize that a capitalist system was beginning to operate in Europe and that Latin America helped to fuel it, even if early Latin America itself was not simply capitalist”. –Professor William Taylor