The Spanish government reserved a fifth of gold production,known as the quinto,for the colonial settlers,and took the rest as revenue for the crown.

Name: The Spanish government reserved a fifth of gold production,known as the quinto,for the colonial settlers,and took the rest as revenue for the crown.
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The Spanish government reserved a fifth of the gold (and silver) production, known as the quinto, for the crown, not for the colonial settlers. The rest was left for the settlers and miners.

The Spanish Government Reserved a Fifth of Gold Production,known as the Quinto,for