The viceroys of these two areas had oversight over the other provinces, with most of the North American, Central American, Caribbean and East Indian areas supervised by the viceroy in Mexico City and the South American ones by the viceroy in Lima, (with the exception of most of today's Venezuela, which was overseen by the high court, or Audiencia of Santo Domingo on the island of Hispaniola for most of the colonial period). These large administrative territories became known as Viceroyalties (Spanish term: Virreinatos). There were only two New World viceroyalties until the 18th century, when the new Bourbon Dynasty established two additional viceroyalties to promote economic growth and new settlements on South America.