The Age of Exploration had a big effect on how people worked and how money was distributed in the lands that Europeans took over.

1. Labor Systems:

   • Slavery was introduced, especially on sugar and tobacco farms.
   • Many Indigenous people were forced to work under a system called encomienda.

2. Economic Disparities:

   • Europeans became very rich, while the areas they colonized were often taken advantage of.
   • Taking resources from these regions made their local economies weak and dependent on Europeans.

3. Cultural Impact:

   • Many cultural traditions were either changed or ignored because of colonial rule.
   • New ways of making money developed, but they mostly benefited Europeans.

In short, these changes created unfair inequalities that affected social structures for many years!