 Its creation was part of the Bourbon Reforms and laid the groundwork for the future nation of Venezuela, in particular by orienting the province of Maracaibo towards the province of Caracas.The Bourbon dynasty had already taken steps towards reorganizing their overseas possessions and Venezuela, in particular.When the New Granadan Viceroyalty was reestablished in 1739, the governor-captain general of Caracas was given military jurisdiction over the provinces of Maracaibo, Cumaná, Guayana, Trinidad and Margarita.