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Why was the asiento system important?
Spain had neither direct access to the African sources of slaves nor the ability to transport them, so the asiento system was a way to ensure a legal supply of Africans to the New World, which brought revenue to the Spanish crown. The asiento was included in some peace treaties.
What did the asiento system do?
The asiento was a contract granted by the Spanish crown to an individual or company allowing the holder exclusive rights in the slave trade with Spain’s American colonies; it constituted the principal legal means of supplying slaves to Spanish America.
What is asiento?
Asiento, from the Spanish verb asentar (meaning to settle), takes on a culinary role in Oaxacan food, where it refers to the settled fat left over after frying and cooling pig lard. Asiento is a basic ingredient in two of Oaxaca’s best known dishes, memelas and tlayudas.
What does asiento mean in history?
: a contract or convention between Spain and another power or company or individual for furnishing slaves for the Spanish dominions in America.
Who used the asiento system?
The Triangular Trade While the Portuguese traded enslaved people themselves, the Spanish empire relied on the asiento system, awarding merchants (mostly from other countries) the license to trade enslaved people to their colonies.
What is Audiencia?
Audiencia, in the kingdoms of late medieval Spain, a court established to administer royal justice; also, one of the most important governmental institutions of Spanish colonial America. In these instances appeals could be made to a higher court, the chancillería.
What is the Residencia system?
The residencia was a judicial examination held, or an ac. given of the official acts of an executive or judicial functio. during the term of his incumbency.
What was the asiento system?
Asiento System. refers to a long-term, monopolistic contract between the Spanish Crown and an individual or company for the sale of licenses to export African slaves to Spanish America. The recipient of the contract (asentista) paid the Crown an agreed sum and then sold licenses for amounts that together exceeded the payment the Crown received.
What does Asientos mean?
Definition of asiento. : a contract or convention between Spain and another power or company or individual for furnishing slaves for the Spanish dominions in America.
What was an Asiento?
The general meaning of asiento (from the Spanish verb sentar, to sit, and this from Latin sedere) in Spanish is “consent” or “settlement, establishment” . In a commercial context it means “contract, trading agreement.”