The Spanish Empire (Spanish: Imperio Español), historically known as the Hispanic Monarchy (Spanish: Monarquía Hispánica) and the Catholic Monarchy (Spanish: Monarquía Católica) was a colonial empire governed by Spain and its predecessor states between 1492 and 1976.
A labor system in which the Spanish crown authorized Spaniards, known as encomenderos, to enslave native people to farm and mine in the Americas. Caste system. A social system in which class status is determined at birth. The Spanish had mixed-race children in the Americas with enslaved Africans and Native Americans.
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The Spanish Empire also known as "Spanish Monarchy" was one of the largest empires in history and became one of the first global empires in world history. Soon after the Reconquista, Spain became the first global power in the world. It led European exploration of the new world, building the large Viceroyaties in the New World at the time.
Government, Colonial, in Spanish America. In the Capitulations of Santa Fe (1492), the Spanish monarchs named Christopher Columbus (1451–1506) as viceroy of the "discovered lands" and granted him extensive powers to govern in the new lands and to benefit from the wealth they created.
The Spanish had been debasing their currency to pay for the war and prices exploded in Spain just as they had in previous years in Austria. Until 1631, parts of Castile operated on a barter economy as a result of the currency crisis, and the government was unable to collect any meaningful taxes from the peasantry, depending on its colonies.