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Feudalism and Integration of the Native Peoples of Peru in the Worldwide Economy

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Chapter Summary

The discovery of America opened the door to the first planetary global expansion. Near 1580, under the monarchy of Philippe II, the term "Universal Crown" was used to designate the worldwide Spanish territories which included Europe, America, Africa and Asia. The frontiers spread, the world became larger, and the ideas, laws, persons and commodities began to circulate. America was the center of this process. The neo-local model, based on the feudal Spanish ideal, kept some aspects of Spanish feudalism, such as political and social coercion, and the social relations between the feudal lord and the serfs. In America, and particularly in Peru, the extractive activities of silver and gold, their commercialization and the profit motive created a new economic system, a "trade system" that favoured the emergence of new commercial markets and unequal exchange relations between the central European area and the peripheral American one.

Keywords: America; Asia; economic system; Peru; Spanish feudalism



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