nThe large colonies of Portugal and Spain had provided them with an important place in the expanding world economy.
nBy the 18th century weakened internal situations allowed European rivals to benefit directly from Iberian colonial trade.
nPortugal and Spain had transferred their cultures to the Americas, recreating there a version of Iberian life
modified by local influence.
nSurviving Indian populations adapted to the colonial situation and a distinctive multiethnic and multiracial society emerged that mixed the cultures of all participants.
nWhere slavery prevailed, African cultures played a major role.
nLatin American civilization was distinct from the West, but related to it.
nIn world markets Latin American products remained in demand, maintaining a society with its economic life dependent upon outside factors.