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The Cape Route from Europe to the Indian Ocean via the Cape of Good Hope was pioneered by the Portuguese explorer navigator Vasco da Gama in 1498, resulting in new maritime routes for trade. [7] This trade, which drove world trade from the end of the Middle Ages well into the Renaissance, [5] ushered in an age of European domination in the East ...
Silver, trade, and war: Spain and America in the making of early modern Europe (JHU Press, 2000). excerpt; TePaske, John J. A new world of gold and silver. Brill, 2010. TePaske, John J. The Royal Treasuries of the Spanish Empire in America, 2 vol (1982) vol1 online also vol 2 online; Xiantang, Li.
On Santa Cruz, the Europeans saw a canoe with a few Carib men and two women. They had two male captives, and had recently castrated them. The Europeans pursued them, and were met with arrows from both the men and women, [83] fatally wounding at least one man, who perished about a week later. [84]
The first phase of European colonization of Southeast Asia took place throughout the 16th and 17th centuries. Where new European powers competing to gain monopoly over the spice trade, as this trade was very valuable to the Europeans due to high demand for various spices such as pepper, cinnamon, nutmeg, and cloves.
From the 8th until the 15th century, Venetian and genoese merchants held the monopoly of European trade with the Middle East. The silk and spice trade, involving spices, incense, herbs, drugs and opium, made these Mediterranean city-states phenomenally rich. Spices were among the most expensive and demanded products of the Middle Ages.
The East India Company officers lived lavish lives, the company finances were in shambles, and the company's effectiveness in India was examined by the British crown after 1858. As a result, the East India Company lost its powers of government and British India formally came under direct Crown control, with an appointed Governor-General of ...
The retrieved spices included ginger, black pepper, clove and saffron — which still retained a “distinctive aroma” after 527 years underwater, researchers said.
In European history, the commercial revolution saw the development of a European economy – based on trade – which began in the 11th century AD and operated until the advent of the Industrial Revolution in the mid-18th century. Beginning c. 1100 with the Crusades, Europeans rediscovered spices, silks, and other commodities then rare in Europe.