Matching Pairs The EnlightenmentOnline version Economy in the XVIIIth century and the Enlightenment in Spain by Gehistart Artgeo 1 Wealth was based on the amount of gold and silver that it accumulated. Monarchs promoted exports and restricted imports 2 Nations real wealth derived from land and natural resources 3 4 The ports were allowed to develop free trade with America 5 Spanish ports were allowed to develop free trade with America. 6 7 Economic Societies of Friends of the Country 8 The only way to enrich a nation is by enriching its individuals, since personal benefit will end up benefiting society as a whole. 9 10 Enlightenment ideas Economic development (industry) Economic liberalism Improve economic, social and cultural conditions in Spain Physiocracy Esquilache riots Economic development (trade) Economic development (Carlos III) Mercantilism Private associations of enlightened thinkers met to discuss a variety of subjects. They founded schools to train artisans and farmers. Economic development (agriculture)