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The Smugglers' WorldIllicit Trade and Atlantic Communities in Eighteenth-Century Venezuela$
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Jesse Cromwell

Print publication date: 2018

Print ISBN-13: 9781469636887

Published to North Carolina Scholarship Online: September 2019

DOI: 10.5149/northcarolina/9781469636887.001.0001

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PRINTED FROM UNIVERSITY OF NORTH CAROLINA PRESS SCHOLARSHIP ONLINE (www.northcarolina.universitypressscholarship.com). (c) Copyright University of North Carolina Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in NCSO for personal use.date: 13 October 2019

New Cures

New Cures

The Caracas Company, the Crown, and Commercial Control

Chapter:
(p.88) 3 New Cures
Source:
The Smugglers' World
Author(s):

Jesse Cromwell

Publisher:
University of North Carolina Press
DOI:10.5149/northcarolina/9781469636887.003.0005

Chapter 3 examines the creation and administration of the Caracas Company as an organization designed to increase trade to Venezuela but also to police its coastline. Although realizations of Spanish commercial vulnerabilities predated the Bourbon period, bureaucrats in the new dynasty singled out contraband trade as an especially troubling defect. Venezuelan commercial rejuvenation represented one of the earliest Bourbon reform projects. Crown ministers conceived of the Caracas Company as a solution to the province’s commercial dysfunction. Madrid allowed the Caracas Company to maintain its commercial privileges in Venezuela despite prickly relations with the colony’s subjects because it was a profitable enterprise. This reality delayed the implementation of comercio libre reforms in Venezuela until 1789, long after every Spanish American colony aside from New Spain had been permitted trade liberalization. Essentially, an early Bourbon reform had overpowered the designs of later ones. Continued Company control assured that the province would remain a conflict zone. As this chapter emphasizes, imperial reformers were not ignorant or inflexible where smuggling was concerned. Rather, their plans miscalculated how deeply it was stitched into the fabric of Venezuelan life.

Keywords:   Free Trade, Caracas Company, Bourbon Reforms, Imperial Reform, Colonial Elites, Colonial Bureaucracy, Trade Monopoly, Pedro José de Olavarriaga

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