Overseas commerce was badly affected by the end of the Guipuzcoan Company of Caracas (1785), the French-Spanish defeat at the Battle of Trafalgar (1805), independence movements in Latin America, the destruction of San Sebastián (1813), and the eventual breakup of the Royal Philippine Company (1814). By 1826 all the grand Spanish (including the Basque) fleet of the late 18th century with its renowned Basque navigators was gone for the benefit of the British Empire, and with it, the Atlantic vocation of the Enlightened Spain.