Soon after Philip V assumed the Spanish throne in 1700, he began selling appointments of oidor, alcalde del crimen, and fiscal for the American audiencias. By 1750 he and his successor Ferdinand VI had sold about one-fourth of all appointments; the Crown added over 1,000, 000 pesos to the treasury by resorting to this expedient. Primarily through purchasing judicial appointments, numerous creoles (Spaniards born in America) entered these prestigious tribunals.