Europeans and Asian Commerce
Portugues Empire of Commerce
Indian Ocean commerce highly rich and diverse
Portuguese did not have goods for effective competition → Portuguese began piracy
Portuguese created "trading post-empire"
wanted to control commerce not territories
operated by force of arms
many settled in Asian or African ports
Spain and the Phillipeans
Spain first to challenge Portugal's control of Asian trade
Establishment of Spanish base in Phillipeans
Spain introduced forced relocation, tribute, taxes, unpaid labor
East India Companies
dutch and English entered Indian ocean commerce
soon displaced the Portuguese → competed with each other
both dutch and English organize private trading companies to handle Indian ocean trade
chartered by their government
had power to start war and govern conquered people
Dutch focused on Indonesia
English focused on India
Dutch East India Company
controlled shipping and production of: cloves, cinnamon, nutmeg, mace
seized small spice producing islands and forced to sell only to dutch
Dutch killed / enslaved almost entire population → replaced with Dutch planters and slaves
British East India Company
not well financed, not as good as Duch E.I. company
couldnt get into spice islands
major trade settlements in India
Silver and Global Commerce
china → growing demand for silver
value of silver skyrocketed
silver centeral to world trade
bulk of worlds silver supply ended in China
Spanish silver brought to Europe used to buy asian good
silver bought African slaves and spices
"piece of eight"
silver enriched Spanish monarchy
***caused inflation in Spain
The "World Hunt": Fur in Global Commerce
Europes fur bearing animals diminish
intense competition for furs in N. America
French → great lakes, St. Lawrence valley, Mississippi river
dutch → New York
NORTH AMERICAN FUR TRADE
Europeans traded with indians for furs or skins
beavers+others driven to near extinction
trade profitable for indians → received goods of real value
fur trade → higher levels of inter-Indian warfare
** Native Americans became dependent on European goods → many traditional crafts lost
The Atlantic Slave Trade
11 million Africa → Americas
millions die in process
led to mixed societies
metaphor for social oppression
slave status inherited
driven by European demand
Europeans traded with African merchants
Sugar