Spice trade: Difference between revisions
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** nutmeg sold in London or Paris at 600 times, or 6,000% the original cost in the Banda Islands, one of the spice island groups | ** nutmeg sold in London or Paris at 600 times, or 6,000% the original cost in the Banda Islands, one of the spice island groups | ||
* The Portuguese broke into the Indian market by circumnavigating Africa and sailing to India | * The Portuguese broke into the Indian market by circumnavigating Africa and sailing to India | ||
** the Portuguese secured trade concessions in | ** the Portuguese secured trade concessions in Calika '''<< to confirm sp''' | ||
** they then forcibly seized control of trade with Malaka (in modern Malaysia) a major spice-trade center | ** they then forcibly seized control of trade with Malaka (in modern Malaysia) a major spice-trade center | ||
** this allowed them to by-pass Indian markets and purchase spices at their origins at much lower prices | ** this allowed them to by-pass Indian markets and purchase spices at their origins at much lower prices | ||
| Line 41: | Line 41: | ||
*** the Italian monopoly on the pepper market collapsed from Portuguese competition | *** the Italian monopoly on the pepper market collapsed from Portuguese competition | ||
*** by 1588 profits from pepper trade accounted for half of Portuguese government revenue | *** by 1588 profits from pepper trade accounted for half of Portuguese government revenue | ||
** the Portuguese King Manuel II<<conrirm was known as the "Grocer King" | |||
* Sources: | * Sources: | ||
** [https://dynamicdoingness.com/the-spice-trade/ The Spice Trade] | ** [https://dynamicdoingness.com/the-spice-trade/ The Spice Trade] | ||
** [https://asia.nikkei.com/NAR/Articles/A-history-lesson-in-trade-from-the-Spice-Islands A history lesson in trade from the Spice Islands] | ** [https://asia.nikkei.com/NAR/Articles/A-history-lesson-in-trade-from-the-Spice-Islands A history lesson in trade from the Spice Islands] | ||
Revision as of 21:36, 12 January 2021
Spice Trade
>> to add Social Studies format
Spice Origins[edit | edit source]
- Arabian peninsula
- myrrh and frankincense
- oils derived for medicinal and aromatic purposes that were highly valued
- sugar << get dates when was
- myrrh and frankincense
- China
- silk
- black tea
- India
- pepper
- see [pepper] for more
- sugar
- cotton
- pepper
- Spice Islands
- ginger, pepper, cloves, saffron, cinnamon, cardomom
- nutmeg
- see Nutmeg
- Banda islands were the sole sources of nutmeg
- nutmeg is traditionally used in Europe as a spice for vegetables, eggnog, mulled cider and in meat stews
- In India and Indonesia nutmeg is traditionally used in soups and deserts
Trade Commodities[edit | edit source]
- Gems
- highly valuable
- standard value across regions (portable)
- See also [Money] << to do
Price of Spices in Europe[edit | edit source]
- 15th century (1400s)
- pepper sold in Venice (to northern European markets) at 27 times or 2700% of cost in India
- nutmeg sold in London or Paris at 600 times, or 6,000% the original cost in the Banda Islands, one of the spice island groups
- The Portuguese broke into the Indian market by circumnavigating Africa and sailing to India
- the Portuguese secured trade concessions in Calika << to confirm sp
- they then forcibly seized control of trade with Malaka (in modern Malaysia) a major spice-trade center
- this allowed them to by-pass Indian markets and purchase spices at their origins at much lower prices
- the Portuguese and Indian relationship was both trade- and war-based << to source
- the Italian monopoly on the pepper market collapsed from Portuguese competition
- by 1588 profits from pepper trade accounted for half of Portuguese government revenue
- the Portuguese King Manuel II<<conrirm was known as the "Grocer King"
- Sources: