For three centuries New Spain was one of the great jewels of Spain’s colonial empire, producing wealth for immigrants and the Crown. The brunt of the labor was performed by indigenous Mexicans, often under duress, but natives also succeeded in seizing opportunities to promote their interests. It is tempting to portray the economic history of Mexico as a simple story of domination of colonial subjects by their European rulers, and indeed historians have often resorted to this straightforward rendition. This article, while certainly presenting the conventional wisdom, presents a more complex story, highlighting debates among historians on a wide range of issues, from the experiences of indigenous people to the profitability of colonialism. What follows is a general presentation of New Spain’s economy.
Susan Elizabeth Ramirez
This essay focuses on the principal Pizarro family members who played active roles in the exploration, invasion, and colonization of the Andes. Francisco Pizarro served as leader until his assassination by Diego de Almagro partisans in 1541. Juan fought against stout native resistance until he was fatally injured during the siege of Cuzco. Gonzalo led the forces against the New Laws and their implementation by the first viceroy, Blasco Núñez Vela. After the viceroy and his forces were defeated and he was executed, Gonzalo ruled the Andes until Licenciado Pedro de la Gasca arrived to reestablish crown hegemony. Royalist and Gonzalo’s rebel forces clashed. Gonzalo’s defeat cost him his life. Hernando, long the de facto patriarch of the family, emerged as the defender of family interests. He married his niece, the mestiza daughter of Francisco; consolidated their holdings, selling assets at risk of confiscation in Peru; and reinvested the proceeds in safer products in Spain. His manipulations and planning allowed him to establish an endowment that assured the survival of the family into the 20th century.