The following statements 'font-style:italic;'>best describe which institution? It aimed to foster and regulate trade and navigation. Based first in Seville, and later in Cadiz, it managed the Spanish commercial monopoly over its colonies.

MCQs on the history of Latin and South America from the year in which European explorers first discovered and began to colonize the region to the early 19th century, when many Latin and South American colonies declared their independence from European rule.