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
Capetian dynasty Capetian dynasty The Capetian dynasty (), also known as the House of France, is a dynasty of Frankish origin, founded by Hugh Capet. It is among the largest and oldest royal houses in Europe and the world, and consists of Hugh Capet's male-line descendants. The senior line ruled in France as the House of Capet from the election of Hugh Capet in 987 until the death of Charles IV in 1328. That line was succeeded by cadet branches, the Houses of Valois and then Bourbon, which ruled until the French Revolution. The dynasty had a crucial role in the formation