Final answer:
The hacienda system of Mexico is characterized by feudal land ownership, where large portions of land were owned by European colonialists and the Amerindians lost ownership of the land.
Step-by-step explanation:
The hacienda system of Mexico is best characterized by Feudal land ownership. In the hacienda system, European colonialists would stake claims to large portions of land, often millions of acres, and the Amerindian people lost ownership of the land to the European colonial masters. Power was handed down through family lines, with peasant families serving lords for generations. This system of land ownership is similar to the feudal system, where lower class peasants worked and lived on the land in exchange for protection and a place to live.