The EMERGENCE OF CAPITALISM

Abstract

From 1864 to 1896, a change in El Salvador´s production relations took place. Almost all foreign trade was conducted through Spanish intermediaries. England, Holland and France fought for direct trade with the Indies and succeeded when Spanish political and military power was weakened after the Treaty of Utrecht. The efforts of the government of El Salvador were aimed at encouraging the production of a wide variety of plants with potential value as export products. Producers were allowed preferential treatment. The exportable production of coffee increased and displaced indigo. Earlier, in the first half of the 19th century, the British had achieved a monopoly on the Salvadoran indigo trade