Inspired by the thread on Meiji Inca and the Europeans butterflies proceeding from it.
https://www.alternatehistory.com/forum/threads/can-the-incas-pull-a-meiji.448982/
If we go from the postulate that Cortes and Pisarro are not as lucky as they were in OTL and stretch it a bit further so that further conquering endeavours from Spain are also consistently thwarted by the Aztecs, Mayas and Tahuantinsuyus, yet add to that the possibility for Spaniards to nevertheless colonise North of the Aztec Empire and so retain access to a bit of silver (Zacatecas and co. is probably not as rich as Potosi but it's better than nothing)...
...then: What would be the consequences of not having access to all the resources of these territories, for Spain, for Europe, and, considering the nascent international trade, the world?
a) for Spain itself as it has some successful colonies but no huge access to silver
b) for The Habsburg Empire with all the current and incoming changes (30 years war, Dutch independence...)
c) for the rest of Europe regarding local power balance, Mediterranean trade and colonial ventures (especially Portugal, at least at first)
d) for Asian trade, more specifically China which does not benefit from Spanish silver ITTL.
e) for the Aztecs, Mayas and Incas as potentially viable trade partners/ideological competitors for Europe
https://www.alternatehistory.com/forum/threads/can-the-incas-pull-a-meiji.448982/
If we go from the postulate that Cortes and Pisarro are not as lucky as they were in OTL and stretch it a bit further so that further conquering endeavours from Spain are also consistently thwarted by the Aztecs, Mayas and Tahuantinsuyus, yet add to that the possibility for Spaniards to nevertheless colonise North of the Aztec Empire and so retain access to a bit of silver (Zacatecas and co. is probably not as rich as Potosi but it's better than nothing)...
...then: What would be the consequences of not having access to all the resources of these territories, for Spain, for Europe, and, considering the nascent international trade, the world?
a) for Spain itself as it has some successful colonies but no huge access to silver
b) for The Habsburg Empire with all the current and incoming changes (30 years war, Dutch independence...)
c) for the rest of Europe regarding local power balance, Mediterranean trade and colonial ventures (especially Portugal, at least at first)
d) for Asian trade, more specifically China which does not benefit from Spanish silver ITTL.
e) for the Aztecs, Mayas and Incas as potentially viable trade partners/ideological competitors for Europe