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With these losses, Spain relied primarily on its American colonies to maintain its position as a European power. [10] The Bourbon Reforms transitioned Spain's economic policy to be increasingly mercantilist, [21] an economic policy in which countries maximize their exports and minimize their imports to secure greater portion of wealth from a ...
After the War of the Spanish Succession, the Bourbon dynasty was to rule the Spanish crown, on the concession to their enemies that the Spanish and French crowns were never merged, and the cession of Spanish possessions elsewhere in Europe. Once they consolidated rule in Spain, the Bourbon monarchs embarked upon a series of reforms to ...
Unlike the absolutist Ancien Régime, the Restoration Bourbon regime was a constitutional monarchy, with some limits on its power. The new king, Louis XVIII, accepted the vast majority of reforms instituted from 1792 to 1814. Continuity was his basic policy. He did not try to recover land and property taken from the royalist exiles.
European politics at the end of the 17th century became dominated by establishing an orderly succession in Spain that would not alter the balance between Europe's great powers. Bourbon France and Habsburg Austria and its allies went to war to determine the successor to Charles. The prize was the wealth of the Spanish Empire.
The economic reforms of the Bourbon era both shaped and were themselves impacted by geopolitical developments in Europe. The Bourbon Reforms arose out of the War of the Spanish Succession. In turn, the crown's attempt to tighten its control over its colonial markets in the Americas led to further conflict with other European powers who were ...
The Restoration period was characterized by political instability, economic challenges, and social unrest. Key issues that defined the period include: [1] [2] Political conservatism: The Restoration was marked by a resurgence of conservative politics and the restoration of the Bourbon monarchy.
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The increasing irrelevance of the Holy Alliance after 1825 and the fall of the Bourbon dynasty in France in 1830 during the July Revolution eliminated the principal support of Ferdinand VII in Europe, but it was not until the king's death in 1833 that Spain finally abandoned all plans of military reconquest, and in 1836 its government went so ...