Grain Markets, Free Trade and the Bourbon Reforms: The Real Pragmática of 1765 in New Spain

Abstract

The Real Pragmática of 1765 of Free Grain Trade was one of the most influential events in eighteenth century Spanish political and economic history? But was it influential in the Americas? Despite the abundant scholarship on the Bourbon reforms, we do not know much about the application of the Pragmática or more broadly about policies that affected domestic grain trade in the Americas. In this article I argue that the Pragmática was influential in increasing the participation of the viceroy in matters of wholesale and regional grain trade. Such changes in policies as applied in New Spain involved both pragmatism and a centralization of power, rather than a dogmatic support for free trade policies or a staunch support of traditional doctrines. In this I believe that New Spain did not differ from contemporary Western European countries, in which free trade was constantly being negotiated between different actors and authorities of various levels.