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The Spanish had four institutions in colonial South America that were important to their way of life. They were:

the church, schools, slavery, and viceroys
the church, slavery, farming, and government
the church, slavery, government, and haciendas
the church, slavery, farming, and Triangular trade
none of the above

User Sofiane
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The four institutions in colonial South America that were important to their way of life were "the church, slavery, farming, and government" since this was the combination most conducive to extracting raw materials and riches.
User MeJustAndrew
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