The Expansion of Mercantile Economy and the Creation of México's Consulate

This paper locates the need for the creation of New Spain's Consulate  within the  frame  of the mercantile economic expansion that  took place in the viceroyalty in the middle of the sixteenth century. The authorization for its creation in Mexico City is attributed to the central role played b...

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Detalles Bibliográficos
Autor: Valle Pavón, Guillermina del
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2002
País:México
Institución:EL COLEGIO DE MÉXICO
Repositorio:Historia Mexicana
Idioma:español
OAI Identifier:oai:oai.historiamexicana.colmex.mx:article/1358
Acceso en línea:https://historiamexicana.colmex.mx/index.php/RHM/article/view/1358
Access Level:acceso abierto
Palabra clave:New Spain
mining
Consulate
trade
16th Century
Nueva España
minería
Consulado
comercio
siglo XVI
Descripción
Sumario:This paper locates the need for the creation of New Spain's Consulate  within the  frame  of the mercantile economic expansion that  took place in the viceroyalty in the middle of the sixteenth century. The authorization for its creation in Mexico City is attributed to the central role played by its merchants as financiers in the mining industry, coining, and silver mining in particular, as well as to the shortage of money faced by the Spanish Crown at the end of the sixteenth century. Mercantile corporations allowed the consolidation of the commercial monopoly of New Spain's capital, thus giving rise to conditions that  ensured commerce across the  Atlantic and the growing flow of silver to the metropolis.