Article: Peru
Section: History

Question: What are the "Bourbon Reforms" enacted in 18th Century Peru?

The earliest evidences of human presence in Peruvian territory have been dated to approximately 9,000 years BCE.
The oldest known complex society in Peru, the Norte Chico civilization, flourished along the coast of the Pacific Ocean between 3,000 and 1,800 BCE.
These early developments were followed by archaeological cultures such as Cupisnique, Chavin, Paracas, Mochica, Nazca, Wari, and Chimú.
In the 15th century, the Incas emerged as a powerful state which, in the span of a century, formed the largest empire in pre-Columbian America.
Andean societies were based on agriculture, using techniques such as irrigation and terracing; camelid husbandry and fishing were also important.
Organization relied on reciprocity and redistribution because these societies had no notion of market or money.
In December 1532, a party of "conquistadors" led by Francisco Pizarro defeated and captured Inca Emperor Atahualpa.
Ten years later, the Spanish Crown established the Viceroyalty of Peru, which included most of its South American colonies.
Viceroy Francisco de Toledo reorganized the country in the 1570s, with silver mining as its main economic activity and Amerindian forced labor as its primary workforce.
Peruvian bullion provided revenue for the Spanish Crown and fueled a complex trade network that extended as far as Europe and the Philippines.
However, by the 18th century, declining silver production and economic diversification greatly diminished royal income.
In response, the Crown enacted the Bourbon Reforms, a series of edicts that increased taxes and partitioned the Viceroyalty.
The new laws provoked Túpac Amaru II's rebellion and other revolts, all of which were quashed.
In the early 19th century, while most of South America was swept by wars of independence, Peru remained a royalist stronghold.
As the elite vacillated between emancipation and loyalty to the Spanish Monarchy, independence was achieved only after the occupation by military campaigns of José de San Martín and Simón Bolívar.
During the early years of the Republic, endemic struggles for power between military leaders caused political instability.
Peruvian national identity was forged during this period, as Bolivarian projects for a Latin American Confederation floundered and a union with Bolivia proved ephemeral.
Between the 1840s and 1860s, Peru enjoyed a period of stability under the presidency of Ramón Castilla through increased state revenues from guano exports.
However, by the 1870s, these resources had been depleted, the country was heavily indebted, and political in-fighting was again on the rise.
Peru was defeated by Chile in the 1879–1883 War of the Pacific, ceding the provinces of Arica and Tarapacá in the treaties of Ancón and Lima.
Internal struggles after the war were followed by a period of stability under the Civilista Party, which lasted until the onset of the authoritarian regime of Augusto B. Leguía.
The Great Depression caused the downfall of Leguía, renewed political turmoil, and the emergence of the American Popular Revolutionary Alliance (APRA).
The rivalry between this organization and a coalition of the elite and the military defined Peruvian politics for the following three decades.
In 1968, the Armed Forces, led by General Juan Velasco Alvarado, staged a coup against president Fernando Belaunde.
The new regime undertook radical reforms aimed at fostering development, but failed to gain widespread support.
In 1975, General Francisco Morales Bermúdez forcefully replaced Velasco, paralyzed reforms, and oversaw the reestablishment of democracy.
During the 1980s, Peru faced a considerable external debt, ever-growing inflation, a surge in drug trafficking, and massive political violence.
Under the presidency of Alberto Fujimori (1990–2000), the country started to recover; however, accusations of authoritarianism, corruption, and human rights violations forced his resignation after the controversial 2000 elections.
Since the end of the Fujimori regime, Peru has tried to fight corruption while sustaining economic growth.