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See also:ASIENTO, or ASSIENTO (from the verb asentar, to See also:place, or establish)
, a See also:Spanish word meaning a See also:farm of the taxes, or See also:contract
.
The See also:farmer or contractor is called an asentista
.
The word acquired a considerable notoriety in See also:English and See also:American See also:history, on See also:account of the " See also:Asiento Treaty " of 1713
.
Until 1702 the Spanish See also:government had given the contract for the See also:supply of negroes to its colonies in See also:America to the Genoese
.
But after the See also:establishment of the See also:Bourbon See also:dynasty in 1700, a See also:French See also:company was formed which received the exclusive See also:privilege of the Spanish-American slave See also:trade for ten years from See also:September 1702 to 1712
.
When the See also:peace of See also:Utrecht was signed the See also:British government insisted that the See also:monopoly should be given to its own subjects
.
By the terms of the Asiento treaty signed on the 16th of See also: Until 1739 the trade in blacks went on without interruption, but amid increasingly angry disputes between the Spanish and the British governments . The right to send a single trading ship to the fairs of Porto Bello or La Vera Cruz was abused . Under pretence of renewing her provisions she was followed by tenders which in fact carried goods . Thus there arose what was in fact a vast See also:contraband trade . The Spanish government established a service of See also:revenue boats (See also:guarda costas) which insisted on searching all English vessels approaching the shores of the Spanish colonies . There can be no doubt that the smugglers were guilty of many piratical excesses, and that the guarda costas often acted with violence on See also:mere suspicion . After many disputes, in which the claims of the British government were met by Spanish See also:counter claims, See also:war ensued in 1739 . When peace was made at See also:Aix-la-Chapelle in 1748 See also:Spain undertook to allow the asiento to be renewed for the four years which were to run when war See also:broke out in 1739 . But the renewal for so See also:short a See also:period was not considered advantageous, and by the treaty of El Retiro of 1750, the British government agreed to the recession of the Asiento treaty altogether on the See also:payment by Spain of £See also:Ioo,000 . A very convenient account of the Asiento Treaty, and of the trade which arose under it, will be found in See also:Malachy Postlethwayt's Universal See also:Dictionary of Trade and See also:Commerce (See also:London, 1751), s.v . |
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