Questions-Answers about trading

Who controlled the spice trade


Who controlled the spice trade before the Portuguese?

In the beginning of the 16th century, the Dutch gained control of shipping and trading in northern Europe. By the end of the century their influence had expanded, and they entered the spice trade, overtaking Portuguese control.

Who controlled the spice trade in the Indian Ocean?


What Empire controlled the spice trade?

Ottoman Empire

Who started spice trade?

Ferdinand Magellan

How did the Portuguese control the spice trade?

The Portuguese wrested control of the spice markets and trade route from seafaring Muslim merchants. In 1512, Portuguese explorers under Afonso de Alburqueque reached the Moluccas and claimed them for Portugal. They also loaded their hold with nutmeg and mace and sent them to Seville and made a fortune.

What is the oldest spice known to man?


Why was spice so valuable?

During the Middle Ages, spices were as valuable in Europe as gold and gems and the single most important force driving the world’s economy. The lack of refrigeration and poor standards of hygiene meant that food often spoiled quickly and spices were in great demand to mask the flavour of food that was far from fresh.

Why were spices so valuable in the 1500s?

So, why were spices so highly prized in Europe in the centuries from about 1000 to 1500? One widely disseminated explanation for medieval demand for spices was that they covered the taste of spoiled meat. … Salting, smoking or drying meat were other means of preservation.

How the spice trade changed the world?

So the European Age of Discovery began and the spice trade changed forever. The opening up of sea routes to the far East for the spice trade allowed European interests and cultural domination to spread. … The spice trade also formed what today is the most influential city in the world, New York.

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Why was the spice trade so lucrative?

The spice trade was “such a profitable venture” precisely because “spices are quite expensive when they reach their terminal buyer” – relative to their cost in Asia, which is something like 1/10 or 1/100 the sales price. … So even (well to-do) peasants could afford pepper, the cheapest of the common spices.

Which traders went to Kerala for spices?

Historically, Kerala had contacts with the outside world, starting with the Babylonians as far back as 3000 B.C.E. Later, the Malabar Coast of Kerala witnessed the arrival of Arabs, Chinese, followed by European powers like the Portuguese, the French and the British. Most of them came for trade.

What brought an end to the age of exploration?

The Age of Exploration ended in the early 17th century after technological advancements and increased knowledge of the world allowed Europeans to travel easily across the globe by sea.

What country is known as the Spice Island?


How did the spice trade begin?

The spice trade began in the Middle East over 4,000 years ago. Arabic spice merchants would create a sense of mystery by withholding the origins of their wares, and would ensure high prices by telling fantastic tales about fighting off fierce winged creatures to reach spices growing high on cliff walls.

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