how did the domination of large estates that produced cash crops affect a majjority of the latin american population

The complete domination of the cash crops by a few large estates in Latin America meant that the majority of the population was forced into poverty and a lack of access to food. Land was the basis of wealth in Latin America, and if you had no access to land, you could not expect to life a economically stable life.

The goods the europeans wanted the most were gold, jewels, silk, perfumes, and especially spices.