The statement that Spanish efforts to extract wealth from the land led them to develop institutions based on subjugating native populations, converting them to Christianity, and incorporating them is into the Spanish colonial society is TRUE.
The main reason why the Spanish colonized large parts of the Americas was to extract wealth from the people and land.
To do this, they subjugated the Native populations and converted them to Christianity to make it easier to control them.
They then incorporated them into Spanish colonial society along with other groups such as Africans after they acted more "civilized."
Find out more on Spanish colonial reasoning at https://brainly.com/question/10938339
#SPJ1
