Real Asiento De Inglaterra
Real Asiento de Inglaterra or Real Asiento de la Gran Bretaña, was the name in Spanish of the subsidiary in Buenos Aires of the South Sea Company. In 1713, the British Crown established the ''asiento'' in the current Plaza San Martín, neighborhood of Retiro. History After the Treaty of Utrecht, Spain granted the monopoly of the slave trade to Great Britain. The South Sea Company was established in Buenos Aires around 1713, during the reign of Philip V of Spain and Anne of Great Britain. The treaty of 1713 included the annual introduction of 1,200 slaves to the port of Buenos Aires, mostly to be sent to the cities of Córdoba and Lima. The main directory of the Royal Seat of Great Britain arrived in the Río de la Plata on board the warship H.M.S. Warwick in September 1715. In 1718, Thomas Dover, president of the Real Asiento de Inglaterra of Buenos Aires, acquired the luxurious residence belonging to Miguel de Riglos. This residence had originally been owned by the Govern ...
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South Sea Company
The South Sea Company (officially The Governor and Company of the merchants of Great Britain, trading to the South Seas and other parts of America, and for the encouragement of the Fishery) was a British joint-stock company founded in January 1711, created as a public-private partnership to consolidate and reduce the cost of the national debt. To generate income, in 1713 the company was granted a monopoly (the Asiento de Negros) to supply African slaves to the islands in the "South Seas" and South America. When the company was created, Britain was involved in the War of the Spanish Succession and Spain and Portugal controlled most of South America. There was thus no realistic prospect that trade would take place, and as it turned out, the Company never realised any significant profit from its monopoly. However, Company stock rose greatly in value as it expanded its operations dealing in government debt, and peaked in 1720 before suddenly collapsing to little above its ...
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