chapter  5
29 Pages

From Corn to Capitalism, 1521–1810

THIS CHAPTER DISCUSSES HOW GEOGRAPHY SHAPED NEW SPAIN’S economic development. It then considers how the Mexican economy evolved over three centuries. The sixteenth century saw the introduction of new tools, plants and animals, as well as government regulations. The seventeenth saw the emergence of more Spanish enterprises while the eigh teenth saw economic reforms. Next is a description of the major areas of the economy-mining, agriculture, manufacturing, and trade. The chapter concludes with discussions of New Spain’s impact on the rest of the world and of colonial economic policy.