Europeans and Asian Commerce
- Europeans wanted commercial connection with Asia
- Columbus+Vasco De Gama both seek route to asia
- SPICES
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
- sugar production work was difficult and dangerous - perfect job for slaves