The combination of taxes and inflation caused great colonial discontent. The Spanish government wished to keep bullion from leaving the kingdom. Additionally, since Great Britain was in a near-constant state of war, heavy taxation was needed to prop up its army and navy. Albuquerque endeavoured to gain a monopoly of European spice trade for his. Spains territories in the Americas stretched from. Mismanagement of printed currency resulted in inflationary periods. It is important to clarify what area I mean when I refer to Latin America throughout this paper. The colonies often had insufficient bullion left over to circulate in their markets, so they issued paper currency instead. Inflation and taxation: The British government demanded that trades were conducted using gold and silver bullion, ever seeking a positive balance of trade. ECN: The Atlantic trading system involved the movement of goods, wealth, and labor, including slaves.In turn, slaves were returned to America or the West Indies and traded for sugar and molasses. The colonies provided rum, cotton, and other products demanded by African imperialists. In Argentina it owned 75 of the railways. a monopoly to trade slaves in the Spanish Indies. The galleon trade, which was a government monopoly and meant for the sole benefit of the Spanish ruling-class colonists, had militated against and all but. Within a few decades Britain had indeed established a virtual trade and investment monopoly in much of South America. The expansion of the slave trade: Trade became triangulated between the British Empire, its colonies, and foreign markets, fostering the development of the slave trade in many colonies, including America. 10 The mercantile system was designed to protect and grant specialized privileges to both merchants.Controlled production and trade: Mercantilism led to the adoption of enormous trade restrictions, which stunted the growth and freedom of colonial businesses.