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Spain's desire to secure profits from its American empire led to the establishment of a mercantilist economic system, prioritizing the extraction of resources such as gold, silver, and agricultural products. This focus on resource extraction resulted in the implementation of strict trade regulations, limiting commerce to Spanish ships and requiring colonies to supply raw materials while importing finished goods from Spain. Consequently, the economic activities of Spanish America became heavily centered on mining and plantation agriculture, stifling local industries and fostering dependency on the Spanish crown for economic prosperity.

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