History of Bolivia to 1809 reduction in silver output. After 1700 only small amounts of bullion from Upper Peru were shipped to Spain. Kings from the Bourbon Dynasty in Spain tried to reform the colonial economy in the mid-eighteenth century by reviving mining. The Spanish crown provided the financial support necessary to develop deeper shafts, and in 1736 it agreed to lower the tax rate from 20 to 10 percent of the total output. The crown also helped create a minerals purchasing bank, the Banco de San Carlos in 1751 and subsidized the price of mercury to local mines. The foundation of an academy of
House of Bourbon-Parma House of Bourbon-Parma The House of Bourbon-Parma () is a cadet branch of the Spanish royal family, whose members once ruled as King of Etruria and as Duke of Parma and Piacenza, Guastalla, and Lucca. The House descended from the French Capetian dynasty in male line. Its name of Bourbon-Parma comes from the main name (Bourbon) and the other (Parma) from the title of Duke of Parma. The title was held by the Spanish Bourbons as the founder was the great-grandson of Duke Ranuccio II Farnese, Duke of Parma. The Duchy of Parma was created in 1545 from that part