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