Role of Commerce and Market During the Spanish America Administration (Essay Sample)

ROLE OF COMMERCE AND MARKET DURING THE SPANISH AMERICA ADMINISTRATION
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Role of commerce and market during the Spanish America administration
In the early 16th century, Spain administration adopted a plan of expanding its economic and commerce territory in other states. As a result, the Spanish administration embarked on a daring undertaking of colonising North America. The main aim of utilising huge resources to conquer North America was to expand its economic, social, and political influence in American continent. Although other activities were influential in supporting the Spanish America administration, commerce and trade were of the essence in assisting the administration attain its long-term and immediate objectives
The establishment of places of trade by Spanish America administrations aimed at improving its political and economic structures. Therefore, developing marketplaces was vital in helping the administration collect taxes and revenues necessary in facilitating its daily operations and for development purposes. In order to collect huge revenue, its leaders formulated reliable strategies for recruiting competence tax collector professionals. The collected revenues were of the essence in helping the administration purchase relevant weapons for conquering new territories in America. Additionally, the revenues collected in marketplaces helped the administration generate resources and skills for expanding in other territories including Mexico.
Commerce was also useful in facilitating systematic and continuous development of the agricultural sector. The Spanish America administration relied on the existing commerce routes in exporting agricultural products especially from Latin American farmers. Export of agricultural products was of the essence in assisting the administration acquire its development capital. Some of the farm merchandise traded by Latin Americans includes lima beans, pumpkins, yams, potatoes, and corns. In addition, the administration used the agricultural income in modernising its agricultural and commerce sector. The core aim of modernising agricultural sector was to increase administration and development resources. Commercial activities were also valuable in helping the administration get resources for the construction and purchasing of ships and other marine vessels. The Spanish America administration used marine vessels to venture in other less developed states. The administration also used ships in transporting products to other global markets. Marine vessel was as well useful in protecting and securing its territory from the ever-increasing enemies and competitors.
The Spanish America also used its commerce activities for expansionism activities. In the 16th and17th centuries, America was suffering from overproduction of agricultural products. Equally, America encountered a challenge of underproduction of machineries and weapons. As a result, commercial activities were vital in facilitating the exportation of agricultural products in other global markets. Additionally, the Spanish America administration relies on the existing international trade routes in acquiring critical development machineries and weapons. In some instances, the Spanish American administration used its military powers to generate global markets particularly in its new territories
In the late 16th century, the Spanish America administration adopted the mechanisms of establishing viceroyalties. The established viceroyalties were useful in enhancing systematic political and economic development. Modern scholars assert that viceroyalties were useful in advancing the administration commercial and markets exchanges. Precisely, the Latin Americans of the central valley of Mexico in the viceroyalty of New Spain were critical players in enhancing reliable commercial and market exchange. The viceroyalty of New Spain main role was to control and manage the fertile land of Mexico central valley and other agricultural territories.
Latin Americans in the central valley of Mexico engaged in trading of agricultural activities. The Latin Americans in Mexico central valley also served as labourers in huge agricultural estates in the region. Scholars further assert that the agricultural experience possessed by Latin Americans in the central region were essential in advancing the agricultural products in the region. In addition, the high number experienced Latin Americans were of the essence in facilitating the production of huge agricultural products that were necessary for commercial activities. Furthermore, Latin Americans in the central valley of Mexico were key players in local trade activities. Although a good number of Latin Americans in Mexico were competence farmers, there were some individuals interested in commercial activities. Traders in the region had a significant role in helping administrators establish new local and global markets
Moreover, viceroyalty of Peru was of great significant in supporting commercial and market activities during the Spanish America era. The viceroyalty of Peru was popular due to its excessive production and exports of silver products. The Andres population from the viceroyalty of Peru was significant players in the entire mining, processing, and distribution of silver. Although most of the administration activities were under the Spanish administration, Andres offered techni...