HIST 1F96 Lecture Notes - Lecture 11: Toussaint Louverture, Yellow Fever, Hacienda
The bourbon reforms and the rise of creole nationalism. Terms: cadiz & seville, debt peonage, rio de la plata, consolidacion de vales reales, **spain takes a much more dramatic interest in their colonies and passes legislation that upsets colonists. Essence of spanish economic policy was mercantilism (colonies exist to increase wealth of mother country) Reformers in spain, argued restrictions on trade needed to be lifted. Pre-1765, trade with colonies could only pass through two ports in spain (cadiz. 1789, commerce allowed between all spanish ports and new world colonies. Increase in volume of trade between spain and its colonies. Prices of goods dropped (esp. for colonists) more products, lower cost. 1778-1788, trade was increased by 700% between spain and its colonies: economic diversification: Repeal of restrictions on colonial trade helped create a new class of merchants in the spanish colonies. Through mining, sugar and cattle the colonies became more wealthy than the mother country.