Which of the following statements most accurately describes the nature of the economy in Spanish America?
A) The majority of people in Latin America were rapidly organized into a light industrial economy intended to produce goods for American society.
B) Although the majority of people were engaged in agriculture, the whole Spanish commercial system was organized around the mining economy.
C) Latin America received almost its entire food supply from Europe, because the Spanish colonies were entirely geared to the production of sugar on estate agricultural systems.
D) The agricultural economy of Latin America absorbed virtually its entire population because of the absence of large domesticated animals prior to 1800.
Correct Answer:
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