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Peninsulares were full spanish blood people, then the creoles who were born in the new world with Spanish parents. Then came the mestizo which were a mix of Spanish and Native Americans. Then the natives and lastly slaves.

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With the many minerals such as gold and silver that America had, this made Spain very wealthy. They profited so much with their riches that it eventually lost all its value due to inflation.

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This was a system implemented by the spanish crown in which the natives would act as a tributary state and pay with extracted resources (gold, silver, food etc.).

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Plantations became popular in the New World after it's discovery  due to the perfect conditions for growing sugarcane, which the Europeans loved (plantations were also used for stuff like cash crops and food but sugarcane being the most notorious crop). This led to mass creation of plantations that grew sugarcane but in order to grow and harvest it, the Europeans needed workers. This is when the importation of slaves began. The slaves were bought or captured from Africa and brought to work in the Americas for plantations. The life span of a slave on a plantation was really short though due to the horrible conditions of the work. The lifespan was about 5 years only so this meant that slaves had to be constantly imported.

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With the introduction of the Americas, Europe was flourished with many resources that led to the ending of the feudal system and the development of a middle class in society which could purchase the luxury goods brought from the New World, This then transformed into the system now known as capitalism.

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Before the "discovery" of the New World, Europe was suffering from famine among the poor. The potato requires very little nutrients to grow so it was perfect for the poor soil that could be found in Europe. This meant that the peasants could grow food and end their starvation. This led to the mass growth of population in Europe and an increase in economy.

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The Columbian Exchange benefited Europe by providing a new place for people to settle and ease the pressure of population. The Americas also provided Europe with many opportunities to profit such as from cash crops and resources.

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Christopher Columbus Came, Conquered, Cultivated, and Converted Continents

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Crops Conversion Animals Neutralization Traversing

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They ... brought us parrots and balls of cotton and spears and many other things, which they exchanged for the glass beads and hawks' bells. They willingly traded everything they owned... ." - Christopher Columbus

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https://www.youtube.com/watch?v=HQPA5oNpfM4

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Disease was spread like wildfire from the Spaniards. It has been estimated that it has killed about 90% of the Natives, small pox being the most infamous of the new diseases.

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"Except for the llama, alpaca, dog, a few fowl, and guinea pig, the New World had no equivalents to the domesticated animals associated with the Old World,..." - Alfred Crosby

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The new world has seen a wide array of effects due to the Columbian Exchange.  One effect is that the Natives  benefited from the introduction of horses. Horses enabled the Natives to carry more, travel faster, and hunt better. But horses also had their downside. The natives had never seen them before so they terrified the natives into submission or rendered them unable to combat the very first few times that they had encountered them.

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An example of potatoes that could be found in the Americas

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Many plantation crops were exchanged in the Columbian exchange such as potatoes, bananas, types of nuts, and cash crops like tobacco. This caused many european empires to grow wealthy and increased global population.