How Spain established a mercantilist economic control over its colonies?
The Spanish in America is a better example explaining how the mercantilism was established. The economic regulation ensured massive wealthy accumulation for the country among its colonies. The theory prohibited ships from abroad from accessing the Spanish colonial ports and there was no any goods movement to the colonies or take away gold from the Spanish merchants without a special permit. This made Spain the benefit as an intermediary. Spain prohibited the process of manufacturing in specific colonies so that they became a destiny for its imports. Before 1765, Spain limited the channeling of all its trade on one port.
What major events led to the gradual decline of Spanish rule militarily, politically, economically, and ideologically?
In the ...