Essential parts of the economy of the Spanish and Portuguese colonies were land and the labor needed to work the land. Land was needed for agricultural products such as sugar and for the mines for gold and other precious minerals. Labor, essentially slave labor, was needed to work in the fields and the mines.
The Spanish used Indian labor but paid them very poorly, believing that it was their duty to convert the Indians and that eternal salvation was a reward great enough to justify any possible mistreatment in this life.
The Portuguese had problems using Indian labor so they turned to imported African slaves.
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The import economy of the Spanish colonies was sugar, molasses, and slaves. The export economy was rice, tobacco, and rum.
The economy played a crucial role in the development of the colonies. It helped provide economic opportunities for colonists, such as farming, trading, and manufacturing, which contributed to their prosperity and growth. The colonies also benefited from trade with other countries, which boosted their economy and allowed for the importation of essential goods and resources.
The government of Spain in the New World differed from that of the later British colonies in that it was closely micromanaged by the Spanish crown. Later British colonies allowed more self government.
The Southern Colonies' economy relied heavily on slave work and agriculture, typically the production of cotton.
Middle Colonies
The import economy of the Spanish colonies was sugar, molasses, and slaves. The export economy was rice, tobacco, and rum.
banku
Because they were counted as part of the European economy. At the time, Latin America was a colony of the Spanish, French and Portuguese empires.
The affect that geography had on the economy of the middle Colonies was to help the economy. Farming was the main source of the economy and the fertile soil, and Natural Resources aided the Middle Colonies economy.
The economy played a crucial role in the development of the colonies. It helped provide economic opportunities for colonists, such as farming, trading, and manufacturing, which contributed to their prosperity and growth. The colonies also benefited from trade with other countries, which boosted their economy and allowed for the importation of essential goods and resources.
The economy of the Middle Colonies was not characterized by plantation agriculture. The Southern Colonies had an economy based on plantation agriculture.
The government of Spain in the New World differed from that of the later British colonies in that it was closely micromanaged by the Spanish crown. Later British colonies allowed more self government.
The Southern Colonies' economy relied heavily on slave work and agriculture, typically the production of cotton.
shipbuilding
The essential tasks of an economy are to provide income for those involved and prosper. Economies range from small groups to the entire world.
Middle Colonies
The South's economy was based on Farming. They used African American Slaves to do the work. There were few factories, unlike the North who had an industrial economy.