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What were the three major components in the colonial economy of Latin America?

The first modern sailors recorded to circumnavigate the globe were?


Which statement best describes the economy in Latin America during the colonial times?

European nations practiced a mercantilistic system in latin America


How was latin America's colonial society organized?

society in colonial Latin America was divided into several classes


Who had more natural resources during the colonial era North America or Latin America?

Latin America.


What country was the primary colonial power in Latin America?

The primary colonial power in Latin America was the country Spain. However, the Portuguese had power over the country of Brazil.


Which region colonial class structure included peninsulares creoles and mestizos?

Latin America


What country in Latin America has the best economy?

Brazil


Does most of Latin America have a market economy?

yes


Do Latin America refer to Portuguese colonial?

No, Latin America primarily refers to regions in the Americas where Romance languages, such as Spanish and Portuguese, are spoken due to colonial influence. While Portuguese colonialism significantly impacted Brazil, the term "Latin America" encompasses Spanish-speaking countries as well. Thus, while Portuguese colonial history is a part of Latin America, the term itself is broader and includes multiple countries with diverse colonial backgrounds.


What country has the primary colonial power of Latin America?

Spain and potugal


What country has the worst economy in latin America?

probably Ecuador


Who has the largest economy in latin america?

Brazil does (2.1 trillion)