Real Compañía Guipuzcoana de Caracas - History Lab https://historylab.es Wed, 18 May 2022 14:25:04 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://historylab.es/wp-content/uploads/2021/06/cropped-icono-historylab-32x32.jpg Real Compañía Guipuzcoana de Caracas - History Lab https://historylab.es 32 32 Manifesto on the benefits produced by the establishment of the Royal Gipuzkoa Company of Caracas https://historylab.es/manifesto-on-the-benefits-produced-by-the-establishment-of-the-royal-gipuzkoa-company-of-caracas/?utm_source=rss&utm_medium=rss&utm_campaign=manifesto-on-the-benefits-produced-by-the-establishment-of-the-royal-gipuzkoa-company-of-caracas Sat, 19 Feb 2022 16:32:58 +0000 https://historylab.es/2022/02/19/manifiesto-sobre-los-beneficios-que-produce-el-establecimiento-de-la-real-compania-gipuzcoana-de-caracas/ Manifesto on the benefits produced by the establishment of the Royal Gipuzkoa Company of Caracas

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]]> In 1728, a group of merchants from San Sebastian founded the Royal Guipuzcoa Company of Caracas with the aim of providing the province with a privileged commercial circuit. Thanks to a royal concession, the Company had a monopoly on the cocoa trade, suppressing piracy and smuggling in that part of the Caribbean. This foundation broke the monopoly of cities such as Seville and Cadiz, although competition, falling prices and Venezuelan opposition led to the search for commercial alternatives for a company that was suffering the consequences. Finally, in 1778, the Compañía Guipuzcoana de Caracas merged with that of the Philippines.

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