 Facing increasing hostility from English war vessels and weakened by the liberalization of commerce with Venezuela (1776), the Company's monopoly came to an end.The crown no longer saw the need for a monopolizing company to control and grow the economy, since by that time the Venezuelan economy had matured and been tightly linked with the markets of Spain and New Spain, which consumed most of its cocoa.The Spanish crown terminated the company's charter in 1784.