Chapter 14 (first half)
Europeans and Asian Commerce The voyage (1497-1499) of the Portuguese mariner Vasco da Gama in which Europeans sailed to India for the first time was no accident. the outcome of a deliberate effort to explore a sea route to the East by slowing down the West African coast around the tip of South Africa to finally across the Indian Ocean in 1498. Desire to look for tropical spices: cinnamon, nutmeg, mace, cloves, pepper. Chinese Silk and Indian Cotton. Silver and Global Commerce Silver trade gave birth to a genuinely global network of exchange. Spanish America alone produced perhaps 85% of the world's silver during the early modern era. Chinas huge economy demanded greats amounts of Silver. Much of silver shipped across the Atlantic to Spain was spent in Europe. The largest mine in the world was in Bolivia, with horrible conditions for the miners. Latin America´s silver enriched the Crown, making Spain the envy of its European rivals only during the 16th century. ...