model
The most profitable early modern trade, in Jiang's telling, was control of East Indies spices rather than New World gold and silver.
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Spices
The most profitable early modern trade, in Jiang's telling, was control of East Indies spices rather than New World gold and silver.
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Key Notes
Timestamped Evidence
Transcript
"...most profitable product, the thing that was most valuable is actually spices. Things like nutmeg, cinnamon, peppercorn, all right? These are the things that..."
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"...is the richest area of the world because it controls the spice trade in this time in history spice is the most valuable commodity..."
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"...wealth, it had to trade with the world. Specifically, it wanted spices from what they call the East Indies, okay, Southeast Asia. At this..."
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"...more than gold, okay? Something like cinnamon, nutmeg, peppercorn, okay? These spices are extremely valuable commodities. In fact, one ship, if you're able to..."
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"...responsible for going to the East Indies and bringing back the spices because it's a very dangerous job, right? You could get sick, you..."
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"...very wealthy through trade by going to East Indies and getting spices and come back to Europe and selling them. But if the Spanish..."
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"...East Asia, China, India, because that was where a lot of spices were. Okay? And there was a huge demand for spices."
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"...to do that's very profitable is that it's going to import spices from East Asia back to Europe, okay?"
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"...to set up trade networks throughout the world. This is a spice trade, and the center, of course, is in Venice, and this makes..."
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"...Republic. The last way, of course, is private luxury goods, especially spices, to the market. So because the Spanish Empire is so wealthy, this..."
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"Okay? And the reason why, it is a monopoly over the spice trade from the East Indies. It has its own army, it has..."
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"...the reason why is they had a monopoly over trade for spices in these indies, okay? So then the question then is, why would..."
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Relevant Lectures And Readings
Reading
The Dutch Golden Age begins with a poisoned Spanish windfall and ends with Vermeer exposing cracks in the respectable household.
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