The development of European mines and plantations in the New World directly influenced the economic conditions described in the excerpt.
European mines and plantations in the New World contributed most directly to the conditions described in the excerpt. The extraction of gold and silver in the Americas, using forced labor from enslaved Native Americans and Africans, played a significant role in the wealth of European nations such as Spain. The process of taxing wealth at 20%, as mentioned in the excerpt, was a direct result of the exploitation of resources in the New World.
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