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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 fixed amount in the world. This wealth was measured in the quantity that ended up in imperial treasuries.
Once they consolidated rule in Spain, the Bourbon monarchs embarked upon a series of reforms to revitalize the Spanish empire, which had significantly declined in power in the late Habsburg era. The ideas of the Age of Enlightenment had a strong impact in Spain and a ripple effect in Spanish American Enlightenment in Spain's overseas empire.
Regional tensions: Spain has a long history of regional tensions, which intensified during the Restoration. Various movements for greater autonomy emerged in regions such as Catalonia and the Basque Country. War: In 1898, Spain lost nearly all its remaining colonies in the Spanish-American War, including Cuba, Puerto Rico, and the Philippines ...
The Kingdom of Spain (Spanish: Reino de España) entered a new era with the death of Charles II, the last Spanish Habsburg monarch, who died childless in 1700. The War of the Spanish Succession was fought between proponents of a Bourbon prince, Philip of Anjou, and the Austrian Habsburg claimant, Archduke Charles.
The Bourbon reforms, however, resulted in no basic changes in the pattern of property holding. The nature of bourgeois class consciousness in Aragon and Castile hindered the creation of a middle-class movement.
The government of Spain, in an effort to streamline the operation of its colonial empire, began introducing what became known as the Bourbon Reforms throughout South America. [47] In 1776, as part of these reforms, it created the Viceroyalty of the Río de la Plata by separating Upper Peru (modern Bolivia ) and the territory that is now ...
The Bourbon Reforms put into place by the Spanish crown made a strong impact on centralizing issues in Spanish America back to Spain. This had a large impact on the Catholic Church's loss of power in Spanish America [ 9 ] The Spanish crown moved to consolidate its supremacy over the Catholic Church by suppressing the Society of Jesus in Spain ...
A series of reforms to the economy and government of the colonies, now called the Bourbon Reforms, are believed to be a factor. As the population and economy of the New World began to outgrow that of Spain, Spain began to look for ways to make the colonies more profitable.