Problems and Policies in the Administration of Nunneries in Mexico, 1800–1835
At the end of the eighteenth century, the economic position of the church in New Spain appeared to be secure and prosperous. Although the crown had restricted many of the financial and legal prerogatives of the church in the second half of this century, it had not restricted the basic right of the church to hold property or invest its money in mortgages or loans to lay citizens or to the government. On the contrary, in order to solve its own financial problems, the crown had increasingly relied upon loans from corporations such as the Tribunales de Minería, Consulado, and the church itself. The Minería and Consulado had provided the bulk of such loans after 1780, but these corporations had, in turn, sought loans from ecclesiastical institutions in order to fulfill their promises to the crown. Nunneries in New Spain had made considerable contributions to these loans which appeared as safe investments for these communities. Otherwise, the increasing political and financial entanglements of the mother country in Europe at the end of the century did not mean much for the nunneries. Professions continued to take place, a few new convents were founded prior to 1810, and up to 1805 loans and pious funds continued to be raised and invested in the traditional manner.