Another goal was to more efficiently extract raw materials from Spanish America and create a captive Spanish American market for Spanish goods. The Bourbons, with the help of administrator José Patiño, implemented several new strategies aimed at streamlining the production and importation of Spanish American goods to Spain. One such strategy that proved highly profitable was the establishment of royal monopolies and trading companies as early as 1717 that controlled the production of export crops such as tobacco and sugar in Cuba and cacao in Venezuela. By charging higher prices for Spanish imports and paying lower prices for exports from Spanish America, these companies used their monopolies to generate rents that disproportionately benefited the Spanish mainland over its Spanish American colonies. For example, during the 1750s, the royal monopoly on Cuban tobacco generated a profit of more than 500 million pesos.