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 boom-bust cycle is stripped of innocence.
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The boom-bust cycle is stripped of innocence.
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"...most profitable product, the thing that was most valuable is actually spices. Things like nutmeg, cinnamon, peppercorn, all right? These are the things that..."
"...is the richest area of the world because it controls the spice trade in this time in history spice is the most valuable commodity..."
"...wealth, it had to trade with the world. Specifically, it wanted spices from what they call the East Indies, okay, Southeast Asia. At this..."
"...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..."
"...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..."
"...very wealthy through trade by going to East Indies and getting spices and come back to Europe and selling them. But if the Spanish..."
"...East Asia, China, India, because that was where a lot of spices were. Okay? And there was a huge demand for spices."
"...to do that's very profitable is that it's going to import spices from East Asia back to Europe, okay?"
"...to set up trade networks throughout the world. This is a spice trade, and the center, of course, is in Venice, and this makes..."
"...Republic. The last way, of course, is private luxury goods, especially spices, to the market. So because the Spanish Empire is so wealthy, this..."
"Okay? And the reason why, it is a monopoly over the spice trade from the East Indies. It has its own army, it has..."
"...probably get a little bored and you'd want to, you know, spice it up a little bit, right? So maybe there is an element..."
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