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| 1532 |
| | Atahualpa agrees to buy his freedom from the Spaniards with a room full of gold and another of silver | |
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| 1533 |
| | Although the ransom has been paid, Atahualpa is executed by the Spaniards — who ensure that he dies a Christian | |
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| 1533 |
| | The Spanish conquistadors capture and sack the Inca capital of Cuzco, high in the Andes | |
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| 1534 |
| | The Portuguese force the local ruler to cede to them the island of Bombay | |
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| 1536 |
| | Manco Inca begins a siege of the Spaniards in Cuzco that lasts for a year | |
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| 1537 |
| | With the end of the siege of Cuzco, and the flight of Manco Inca, the Spanish have full control of Peru | |
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| 1541 |
| | Suleiman I takes Buda (now Budapest), and by 1547 the Turks occupy almost the whole of Hungary | |
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| 1542 |
| | New Laws are passed in Spain, in an attempt to protect the Indians on the encomiendas of Spanish America | |
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| 1545 |
| | Rich seams of silver are discovered at Potosi, in modern Bolivia | |
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| 1548 |
| | La Paz is founded on the trade route between Lima and the newly discovered silver mines at Potosi | |
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