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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 | ||
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*** 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] | ||