Real Situado
Encyclopedia
The Real Situado was an annual payment of silver from the Viceroyalty of Peru
to finance the Spanish army of Chile that as result of the Arauco War
. Most of the silver came from Potosí
in present day Bolivia
.
Viceroyalty of Peru
Created in 1542, the Viceroyalty of Peru was a Spanish colonial administrative district that originally contained most of Spanish-ruled South America, governed from the capital of Lima...
to finance the Spanish army of Chile that as result of the Arauco War
Arauco War
The Arauco War was a conflict between colonial Spaniards and the Mapuche people in what is now the Araucanía and Biobío regions of modern Chile...
. Most of the silver came from Potosí
Potosí
Potosí is a city and the capital of the department of Potosí in Bolivia. It is one of the highest cities in the world by elevation at a nominal . and it was the location of the Spanish colonial mint, now the National Mint of Bolivia...
in present day Bolivia
Bolivia
Bolivia officially known as Plurinational State of Bolivia , is a landlocked country in central South America. It is the poorest country in South America...
.