Showing posts with label spain. Show all posts
Showing posts with label spain. Show all posts

Wednesday, December 30, 2009

The murderous Aztec empire

Westerners have a tendency to idolize the pre-history of American civilization, painting the native Americans as a relatively peaceful, if technologically backwards people. An exhibit at the British Museum, however, disputes that interpretation. In an exhibit about the Aztecs just before Cortés' arrival on the continent, the horrors of the Aztec's merciless killing machine are described:

When the recently excavated pyramid whose finds provide the centrepiece of the British Museum show was first inaugurated in 1484, there were prisoners lined up for sacrifice stretching in all directions as far as the eye could see. Some estimate that 20,000 victims were killed over four days.

The author draws an analogy between the Aztecs' reign with that of the Nazis – both expanded quickly on the backs of vast killing machines, but were short lived, as the conquest-by-terror method is not sustainable in the long term. According to a book by Hugh Thompson, many tribes conquered by the Aztecs colluded with the Spanish against the Aztec king Moctezuma.

But the most interesting part is the historiography of the noble Aztecs and horrible Spanish. Apparently the trope began as English propaganda against the then-formidable Spanish empire:

So why is he remembered by history as “a gentle prince”? The English had a hand in this: the conquest of the New World by Spain made it the European superpower and helped to finance the Armada. Hardly surprising that English propaganda should seize every opportunity to play up the leyenda negra, “the black legend” of Spanish cruelty in Mexico, and portray Moctezuma (and later Atahualpa in Peru) as hapless victims.

I'm not sure that this is entirely true – the idea of the "noble savage" is universal in modern Western civilization and not at all specific to what was once New Spain. But it's interesting to think about how centuries old imperial rivalries affect the way we think of history today.

Tuesday, March 31, 2009

A possible explanation for the American and Spanish property bubbles

From an interesting post at The Money Illusion, we find this novel explanation for the housing bubble, which manages to answer that pesky rejoinder, "But why did Spain have a real estate bubble, too?" (Then again, I don't think immigration to Iceland has been especially strong lately...)

The housing bubble in 2004-2006 was partly driven by rapid immigration from Latin America (as was the bubble in Spain itself!), and also by a perception (which turned out false) that coastal zoning constraints were spreading into interior markets. Many Hispanic immigrants were snapping up older ranch houses, allowing native born Americans to move on to bigger McMansions. The immigration crackdown in 2007 dramatically slowed this immigration (as did the worsening economy.) Population growth estimates going several years forward fell sharply, hurting housing speculators. Ground zero of the sub-prime bust is in working class areas of the Southwest and Florida. Any guess as to who bought homes in those areas?