HIST1087 Lecture Notes - Lecture 9: Precious Metal, Spanish Dollar, Mercantilism
Document Summary
New and renewed global commerce (16th -18th century) Most valuable company of all time (2017) The wealth of the voc in architecture (17th c) In the 1600"s the east india company controlled 50% of textile. Up to 20th-century bananas were exotic to western. Europeans knew they were worth a lot. European maritime empires connected the world in unexpected ways. European colonization of the americas changed europe"s place in the world. Trade in silver produced the first truly global economy (16th - 17th c) The trade of silver allowed economies to grow. The sugar revolution occurred in barbados in the 1640s. Sugar is the bridge between the century before and century fter. Portuguese established trade points in coastal asia. Portuguese: established trade points in coastal asia, colonized coastal brazil. Spanish: colonized south america and the philippines. Trade routes in asia, europeans trying to get in. Europe didn"t have much that the asia world wanted.
