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The Real Situado
was an annual payment of silver from the 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
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 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 officially known as Plurinational State of Bolivia , is a landlocked country in central South America. It is the poorest country in South America...