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The Economic Reforms in Mexico in the 18th Century

In the 18th century the Bourbones became thejust one of the numerous industries that were
ruling family in Spain and at once startedadopted; New Spain lost huge amounts of money
the reorganization of the economy in Spainto Spain when this happened, influencing lots
and Mexico. In 1792 was founded the Colegioof people. The Ley de Consolidacioacuten was
de Mineria to train mining techniques andfounded in 1805. It was the church that
supplementary skillfulness. The silver miningloaned money to the poor citizens giving them
became of a colossal meaning in the tradesome time to give it back. During the bourbon
world; they sold it for goods like paper,period the church was to control all the
clothing, iron, and flavouring both frommoney owed in a short period laps and if
Europe and Asia. By Silver also paid thecitizens did not meet the terms their houses
exterior debt that Spain has obtained duringand other possessions were confiscated. The
the years. Silver became a big business,foundation of the Colegio de Mineria, more
promoting funds as well as the growth ofliberties of trade, and the usage of silver
banks. In the XVIII century Spain soldto get goods looks like a good thing;
overseas more that 66 per cent of the world'snevertheless we should remember that this
silver generally from New Spain and Peru. Asilver gave no benefit the nation of New
lot of monopolies were split in order to beSpain. The silver went to Spain and Asia; it
repossessed by Spain and became larger. Anwas taken from the nation it lawfully
obvious illustration is the tobacco industrybelonged to. The nation of New Spain
in which the country looked over every phasecommenced to understand the worth of their
of the process, from collecting of thestate.
tobacco leaves to selling of cigars. This was



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