Question

The social and economic system which can be applied to both spanish haciendas and the plantations of the british southern colonies can be considered

a. pluralism
b. plutocracy
c. paranoia
d. paternalism
e. pastoralism

Answer 1

plutocracy
Plutocracy refers to a kind of economic system where the seat of power or control rests on the rich. The owners of haciendas and plantations rule the workers and the people who depend on them for daily survival. Wealth elevates the individuals or nations to power over the poor whose tasks are limited to serving their rich masters.