In trade it followed concepts of mercantilism, in which its abroad possessions were to enrich the center of electric power in Iberia. The eighteenth-century Bourbon reforms sought to modernize the mercantile program to promote greater trade exchanges involving Spain and Spanish America in a procedure acknowledged as comercio libre.
A variety of presidents have lived for many decades soon after leaving business office, and many of them have personally overseen the constructing and opening of their very own presidential libraries. Completed libraries are deeded to and maintained by the National Archives and Records Administration (NARA) the initial funding for setting up and equipping each library will have to appear from personal, non-federal resources.
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