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After the Fall of Tenochtitlan (1521), Mexico became an overseas territory of the Spanish Empire. After three centuries of settlement and colonization, Mexico became a westernized, modern country (for the time being) which was the most important territory for Spain. As an example, silver extracted during those three centuries accounted to 53,500 metric tons, which at current prices would be sold at US$307.79 billion.

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9y ago

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