Spain’s New World Endeavors and Their 16th Century Economic Impact

Spain’s New World Endeavors and Their 16th Century Economic Impact

The European nations experienced radical economic as well as social modifications during the 11th and 14th centuries. Feudalism, a highly hierarchical and regulated form of the society where everybody has their responsibilities and place was the base for the medieval world (Drahos). The manorial system was the system where the lords possessed the lands, labored by their slaves and began to diminish during the late middle ages due to the growth of the nations. The medieval cities were influenced by the guilds that were responsible for their…