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1 year ago in PhD Interview Question By Fern G

Around 1800, what proportion of local revenues in Venezuela was transferred to the royal treasury?

Around 1800, what proportion of local revenues in Venezuela was transferred to the royal treasury?

 

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By Diksha Kumari Answered 1 year ago

Most historical estimates suggest that roughly 30–35% of local revenues were remitted to the Spanish crown around 1800. This fiscal extraction, combined with restrictive trade policies, placed significant strain on the colonial economy. Many historians argue that these pressures contributed to widespread resentment. Such conditions helped fuel independence movements associated with figures like Simón Bolívar.
 

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