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The Aztec economy was based on agriculture and trade. Agriculture provided a great variety of fruits and vegetables, such as tomatoes, chili peppers, pumpkins, and beans, necessary to feed the high number of inhabitants in the empire.
The Aztecs [a] (/ ˈ æ z t ɛ k s / AZ-teks) were a Mesoamerican civilization that flourished in central Mexico in the post-classic period from 1300 to 1521. The Aztec people included different ethnic groups of central Mexico, particularly those groups who spoke the Nahuatl language and who dominated large parts of Mesoamerica from the 14th to the 16th centuries.
Prior to the fall of the Aztec, the Aztec people had a stable economy driven by a successful trade market. [citation needed] The markets, which were located in the center of many communities, were well organized and diverse in goods, as noted by the Spanish conquistadors upon their arrival.
The Aztecs of Central Mexico: An Imperial Society. New York: Holt, Rinehart, and Winston 1982. Ross Hassig, Aztec Warfare, University of Oklahoma Press (1995). Ian Heath, Armies of the Aztec and Inca Empires, and other native peoples of the Americas, and the Conquistadores 1450–1608, Foundry Books (1999), pp 50–51.
The Aztecs left rulers of conquered cities in power so long as they agreed to pay semi-annual tribute to the alliance, as well as supply military forces when needed for the Aztec war efforts. In return, the imperial authority offered protection and political stability and facilitated an integrated economic network of diverse lands and peoples ...
However, in contrast to Mesoamerica's trade and markets, the economy of Inca empire functioned without markets or a medium of exchange (money). The Inca economy has been described in contradictory ways by scholars: as "feudal, slave, socialist (here one may choose between socialist paradise or socialist tyranny)". [ 6 ]
It is said that the Aztec god, Huitzilopochtli, instructed the Aztecs to found their city at the location where they saw an eagle, on a cactus, with a snake in its talons (which is on the current Mexican flag). The Aztecs, apparently, saw this vision on the small island where Tenochtitlan was founded.
The economic policy of comercio libre that was instituted in 1778, it was not full free trade but trade between ports in the Spanish empire and those in Spain; it was designed to stimulate trade. In Mexico, the big merchant families continued to dominate trade, with the main merchant house in Mexico City and smaller outlets staffed by junior ...