First of all, let’s talk about the social structure of the Spanish-Latin America and the British-North America. When the Spanish conquered Mexico, the ruler of Mexico at that time was Moctezuma and Moctezuma received the Spanish peacefully because he believed that Cortes was the God of Quetzalcoatl and in the legends of Aztec, it …show more content…
The Spanish roams around hungry for gold all the time. Gold and silver is the reason why they set up colonies in Latin America and Native America. Spanish saw wealth in these areas. The Spanish did anything in order to have gold. The Spanish didn’t manufacture any goods. They would buy manufacture goods from England, France or the Dutch with their gold. They bought these goods and by doing that, they are increasing the power of the nation that they are buying from. The Spanish didn’t play the game very well. These nations were in competitions for glory, to be the greatest in Europe. The Spanish got gold and they spent the gold they acquired to buy manufactured goods. They were repeating cycle and by doing this, your economy stays at the same level. With Africa, Spain gained lots of money. The Spanish used the Africans and also sold them. As for the British, their economy boomed. The English knew the game very well. All nation states are trying to take each other’s Bullion. Bullion gives your nation power. The British also had colonial empire just like the Spanish. Colonial empire brings in resources and goods that you don’t have in your home country. The English didn’t have to spend gold and silver on Tobacco because Virginia was their colony. The English had protective tariffs. Protective Tariffs are a tax or a fee levied on imports. The English placed high tax on imported goods to sway their people from buying imported goods. The English had navigation acts. They controlled overseas trade and it benefited the mother land. It ensures that the colonies transported resources or manufactured goods back to the mother land. By this method, all trades were pointed to the motherland and the benefit was to make favorable trade and to promote self-efficiency. The English transported manufactured goods like rum and textiles to Africa. Then they exchange these goods for slaves.