1. For what reasons did Brazil never flourish in the way of New Spain?

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Brazil is underdeveloped because its economy failed to grow or grew too slowly for most of its history rather than new Spain because of its rich economy it developed faster and Silver mining became integral to the wealth of New Spain; it also vastly enriched Spain and transformed the global economy. New Spain became the New World terminus of the Philippine trade. The territory became a vital link between Spain's New World empire and its East Indies empire At the time of independence (1822) Brazil had one of the least productive economies in the western hemisphere, with a per capita GDP lower than any other New World colony for which we have estimates.

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