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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.
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 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.
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.
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.
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 ...
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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 ...