The Bourbon Reforms aimed to suppress monopolies in trade and modernize Spain through economic and political measures.
The Bourbon Reforms in the context of commercial activities in New Spain aimed to supress monopolies in trade by introducing the latest manufacturing technology and European Enlightenment thought to enhance Spain's modernization efforts.
One of the key objectives of the reforms was to restrict the control of monopolies in trade, encouraging competition and economic development.
This initiative was part of a broader strategy to modernize Spain and rejuvenate its declining economy by implementing progressive economic and political measures.
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