Characteristic of the economy of Spanish America in the late Bourbon period was
A) development of an extensive network of roads linking different provinces.
B) the use of improved techniques in agriculture.
C) a trend toward regional specialization and monoculture in the production of cash crops.
D) a steadily rising standard of living for the lower classes.
Question 2
The first breach in the monopoly of the Cdiz merchant guild over trade to Spanish America was the
A) organization of the Caracas Company.
B) replacement of the fleet system by register ships.
C) organization of the Havana Company.
D) decree of free trade of 1778.