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HE enterprises of discovery and conquest of Spanish America were motivated to a large extent by the entrepreneurial spirit of men who were seeking a return on their investments in the new territories. While the military and religious aspects of the conquering expeditions have caught the attention of historians throughout the centuries, the economic side has remained almost unexplored. In the case of the conquest of Peru, there have been only a few exceptions, concentrating for the most part on the financing stage before the actual expedition led by Francisco Pizarro.' The extrac-

Peruvian Wealth and Spanish Investments: The Pizarro Family during the Sixteenth Century