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In the mid-seventeenth century silver constituted more than 99 percent of mineral exports from Spanish America. Latin America was a huge mine, with Potosí as its chief center.
Between 1503 and 1660, 185,000 kilograms of gold and 16,000,000 of silver arrived at the Spanish port of Sanlúcar de Barrameda.
The metals taken from the new colonial dominions not only stimulated Europe’s economic development; one may say that they made it possible.
The war against Protestantism was also the war against ascendant capitalism in Europe.
Anyone devoting himself to industrial activity automatically lost his membership in the gentleman’s club.
Every year from 800 to 1,000 ships unloaded in Spain the products of other countries’ industries.
Marx wrote in Chapter 3 of the first volume of Capital: “The discovery of gold and silver in America, the extirpation, enslavement and entombment in mines of the aboriginal population, the beginning of the conquest and looting of the East Indies, the turning of Africa into a warren for the commercial hunting of black-skins, signalized the rosy dawn of the era of capitalist production. These idyllic proceedings are the chief momenta of primitive accumulation.”
During long periods of the sixteenth century the value of Latin American precious metal exports was four times greater than the value of the slaves, salt, and luxury goods it imported.
In the twilight of the colonial era Alexander von Humboldt found in Mexico an enormous amount of capital in the hands of mine owners and merchants, while no less than half of Mexican real estate and capital belonged to the Church, which also controlled much of the remaining land through mortgages.19
Today the tin the Spaniards discarded like garbage is exploited in Potosí. Walls of ancient houses are sold as high-grade tin.
There was a saying: “Father a merchant, son a gentleman, grandson a beggar.”
In 1581 Philip II told the audiencia* of Guadalajara that a third of Latin America’s Indians had already been wiped out, and that those who survived were compelled to pay the tributes for the dead. The monarch added that Indians were bought and sold; that they slept in the open air; and that mothers killed their children to save them from the torture of the mines.25
Latin American silver and gold—as Engels put it—penetrated like a corrosive acid through all the pores of Europe’s moribund feudal society,
Greco-Roman slavery was revived in a different world; to the plight of the Indians of the exterminated Latin American civilizations was added the ghastly fate of the blacks seized from African villages to toil in Brazil and the Antilles. The colonial Latin American economy enjoyed the most highly concentrated labor force known until that time, making possible the greatest concentration of wealth ever enjoyed by any civilization in world history.
The Indians of the Americas totaled no less than 70 million when the foreign conquerors appeared on the horizon; a century and a half later they had been reduced to 3.5 million.
In 1685 only 4,000 Indian families remained of the more than 2 million that had once lived between Lima and Paita, according to the Marquis of Barinas.
Similarly, between 1616 and 1619, Governor Juan de Solórzano carried out a survey of work conditions in the Huancavelica mercury mines (directly exploited by the Crown, in distinction to the silver mines, which were in private hands): “The poison penetrated to the very marrow, debilitating all the members and causing a constant shaking, and the workers usually died within four years,” he reported to the Council of the Indies and to the king.
The mita labor system was a machine for crushing Indians. The process of using mercury to extract silver poisoned as many or more than did the toxic gases in the bowels of the earth. It made hair and teeth fall out and brought on uncontrollable trembling.
The installation of a mining economy had direr consequences than the fire and sword of war. The mines required a great displacement of people and dislocated agricultural communities; they not only took countless lives through forced labor, but also indirectly destroyed the collective farming system.
Tourists love to photograph altiplano natives in their native costumes, unaware that these were imposed by Charles III at the end of the eighteenth century. The dresses that the Spaniards made Indian females wear were copied from the regional costumes of Estremaduran, Andalusian, and Basque peasant women, and the center-part hair style was imposed by Viceroy Toledo.
For the few coins they received for their work the Indians bought coca-leaf instead of food: chewing it, they could—at the price of shortening their lives—better endure the deadly tasks imposed on them. In addition to coca the Indians drank potent aguardiente, and their owners complained of the propagation of “maleficent vices.” In twentieth-century Potosí the Indians still chew coca to kill hunger and themselves, and still burn their guts with pure alcohol—sterile forms of revenge for the condemned.
The Indians have suffered, and continue to suffer, the curse of their own wealth; that is the drama of all Latin America.
at the beginning of our century the fifty kings of henequen had more than 100,000 Indian slaves on their plantations. Despite the exceptional physical endurance of the strapping, handsome Yaquis, two-thirds of them died during the first year of slave labor. In our day henequen can compete with synthetic fiber substitutes only because of the workers’ abysmally low standard of living.
At the beginning of this century 230 tribes survived in Brazil; since then ninety have disappeared, erased from the planet by firearms and microbes. Violence and disease, the advance guard of civilization: for the Indian, contact with the white man continues to be contact with death.
From the conquest of Brazil until abolition, it is estimated that some 10 million blacks were brought from Africa;
Ouro Prêto’s appetite for slaves became insatiable; they expired in short order, only in rare cases enduring the seven years of continuous labor.
Portugal destroyed the seeds of any kind of manufacturing development in Brazil: until 1715 sugar refineries were banned, in 1729 it was made a criminal offense to open new roads in the mining region, and in 1785 local looms and spinning mills were ordered burned.
Columbus on his second voyage brought the first sugarcane roots from the Canary Islands and planted them in what is now the Dominican Republic.
sugar was so precious to Europeans that it figured in the dowries of queens. It was sold in pharmacies, weighed out by the gram. For almost three centuries after the discovery of America no agricultural product had more importance for European commerce than American sugar.

