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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.
Allegory of the Return of the Bourbons on 24 April 1814 : Louis XVIII Lifting France from Its Ruins by Louis-Philippe Crépin. King Louis XVIII made a triumphal return to Paris on 3 May 1814, accompanied by members of the provisional Council of State, commissaires of the ministerial departments, Marshals of France, and generals.
Administrative reforms included the division of Spain into eight reinos headed by a military official and an audiencia was established for the administration of justice. Local level administrators (corregidores), which had already existed in Castile, were appointed to the other reinos. An important reform was in taxation and royal debt.
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.
There is a debate among historians over what the main factor was, but what is clear is that the need for economic and political reform and the idea of self-government were contributors. 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 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 reform also established captaincies general in Puerto Rico, Guatemala and Yucatán. The restructuring of the Captaincy General in 1764 was the first example of the Bourbon Reforms in America. The changes included adding the provinces of Florida and Louisiana and granting more autonomy to these provinces.
The Bourbon Reforms resulted in the transfer of regular Spanish Army troops from Spain to New Spain, the raising several colonial line infantry regiments, and the creation of a colonial militia which also included former slaves. The northern frontier was the exception to the peacefulness of Mexico, with constant warfare with the nomadic Native ...