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What were the financial benefits of the encomienda for the Spanish.?

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For the answer to the question above, Encomienda System was a modern-day slavery in that time which it rewarded the conquerors of the land with the labor of particular groups of subject people which were conquered. I made the Spanish wealth because of the tribute that has to be made by the conquered people while enforcing a forced labor to people.
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User Madasu K
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