One important economy sector was mining of silver and other valuable metalls.
The Spaniards as well introduced money to the indigenous people. With the Spanish conquest of Latin America in the 16th century the Incan social and economic structures were eliminated.
After the war the government started to initiate a number of economic reforms.
Just when Peru slowly recovered falling export prices and the Great Depression in the 1930s set the country back once again.
Interested mostly in the rich natural resources the Spaniards exploited the country making the Spanish noblesse within Peru and back home rich while the indigenous population was forced to slavery labor.
The 19th century in Peru is marked by wars and destruction.In 1980 the country returned to democracy, but experienced next to severe economic problems, high inflation and terrorism.President Alberto Fujimori's election in 1990 introduced a decade with a dramatic turnaround in the economy and significant progress in curtailing guerrilla activity.Peru is located in the central part of South America and borders on the north with Ecuador and Colombia, on the east with Brazil and Bolivia, on the south with Chile and on the west with the Pacific Ocean.Peru is the third largest country in South America after Brazil and Argentina and ranks among the 20 largest countries in the world.Since 2011 Peru is governed by the former Army officer and head of the leftist Peruvian National Party Ollanta Humala.His "Growth with Social Inclusion Agenda" spread joy amongst his followers and fears amongst national and international investors. It seems that Humala departed from his former radical ideas and arrived in Peru's economic reality.They built a vast empire without the need for markets and money just with a system based on trade and service.The well-organized state relied on the clever management and refinement of agricultural and mining productivity, a brilliant infrastructure and well-fed manpower.Already the Incas used the countries given conditions and used them as best as possible.Steep slopes in the Andes were transformed into terraces which could be cultivated.