Productivity generally remained relatively low (most land was still farmed by the subjugated native populations), trade and commerce extremely restricted by the policies of the Spanish government and most of the surplus was shipped back to Europe.
In contrast in British North America the colonists got to keep pretty much all the wealth they generated.
Productivity generally remained relatively low (most land was still farmed by the subjugated native populations), trade and commerce extremely restricted by the policies of the Spanish government and most of the surplus was shipped back to Europe.
In contrast in British North America the colonists got to keep pretty much all the wealth they generated.