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Spice trade: Difference between revisions
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* India | * India | ||
** pepper | ** pepper | ||
*** see [pepper] for more | *** see [[pepper]] for more | ||
** sugar | ** sugar | ||
** cotton | ** cotton | ||
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** highly valuable | ** highly valuable | ||
** standard value across regions (portable) | ** standard value across regions (portable) | ||
* See also [Money] << to do | * See also [[Money]] << to do | ||
== Price of Spices in Europe == | == Price of Spices in Europe == | ||
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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 | ||
*** the Portuguese and Indian relationship was both trade- and war-based | *** the Portuguese and Indian relationship was both trade- and war-based | ||
**** < to source | |||
*** 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 I was known as the "Grocer King" | |||
*** "grocer" etymology: | |||
**** c. 15th century derived from "gross" or bulk | |||
*** >> to find Manuel letter to European kings bragging about the discovery | |||
Sources: [https://www.merriam-webster.com/words-at-play/grocery-store-word-origin#:~:text=The%20history%20of%20grocery%20begins,having%20the%20same%20meaning%2C%20groser Marriam-Webster]. | |||
** [https://en.wikipedia.org/wiki/Portuguese_discovery_of_the_sea_route_to_India Portuguese Discovery of the Sea Route to India (wikipedia)] | |||
** [https://en.wikipedia.org/wiki/Casa_da_%C3%8Dndia Casa de India (Portuguese state corporation for spice trade (wikipedia)] | |||
* 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] | ||