What made the colony of New Spain rich?

Answer 1

The Spanish conquests in the New World gave them access to ( allowed them to plunder ) the mineral wealth of those new colonies. Eventually they also derived enormous income from harsh taxation, trade, large plantations and slave labour.

Answer 2

First of all New Spain, was no Colony, it was a Kingdom, since it was a Kingdom before the Spanish arrived, they considered Moctezuma a King, as well as his daughters were considered princesses, and they were taken to Spain, and the men that married them became dukes, of Moctezuma, the Vice royalty of New Spain was what we now know as Mexico, all the western states of the USA, including Louisiana, and Florida, the Caribbean, Philippines and Guam. Central America whole. Except for Panama.

The reason it was rich it was its immense size and the mining industry.

Answer 3

The Spanish plundered considerable gold from the Incas and Aztecs, taking it back to Spain for the coffers of the royalty through classic mercantilism economics.

They also took back many natives to serve as slaves and took livestock back to Europe to enrich their own farms.

Answer 4

Stealing gold and precious metals from natives. There were also things like cocoa and exotic south American plants.