The Continuing Crisis, 1734–1740

Geoffrey J. Walker
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Geoffrey J. Walker: Fitzwilliam College

Chapter 10 in Spanish Politics and Imperial Trade, 1700–1789, 1979, pp 193-209 from Palgrave Macmillan

Abstract: Abstract It is evident that although Patiño was the Crown’s chief minister and primarily responsible for the conduct of the American trades he was by no means the only person to be deeply concerned by the serious condition into which they had fallen. Apart from the Spanish merchants themselves and their trading partners in Lima and Mexico, all of whom were writing to the Crown protesting, condemning, or pleading, the viceroys of Peru and New Spain were also informing Patiño of the hopeless morass in which the colonial trades had become immobilized. Casafuerte in Mexico, and Castelfuerte in Peru were of course in the best positions to appreciate, and indeed sympathise, with both the conflicting sides in the continuing commercial struggle. Their many words on these matters reveal their true understanding of the impossibility of making a system work in conditions that simply would not support it. Perhaps Castelfuerte expressed the dilemma most succinctly when he wrote, ‘... for he who purchases cannot be given the blame for the seller’s cloth being too dear’.1

Keywords: Trade Fair; Register Ship; Transatlantic Trade; Fleet Merchant; Annual Ship (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04585-3_11

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DOI: 10.1007/978-1-349-04585-3_11

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