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Portuguese India Armadas and trade routes (blue) since Vasco da Gama's 1498 journey and the Spanish Manila-Acapulco galleons trade routes (white) established in 1568. As trade between India and the Greco-Roman world increased [76] spices became the main import from India to the Western world, [77] bypassing silk and other commodities. [78]
In 1297, King Dinis of Portugal took personal interest in the development of exports and organized the export of surplus production to European countries. On May 10, 1293, he instituted a maritime insurance fund for Portuguese traders living in the County of Flanders, which were to pay certain sums according to tonnage, accrued to them when necessary.
Portuguese discoveries and explorations: first arrival places and dates; main Portuguese spice trade routes in the Indian Ocean (blue); territories of the Portuguese Empire under King John III rule (1521–1557) (green). The disputed discovery of Australia is not shown.
Volta do mar, volta do mar largo, or volta do largo (the phrase in Portuguese means literally 'turn of the sea' but also 'return from the sea') is a navigational technique perfected by Portuguese navigators during the Age of Discovery in the late fifteenth century, using the dependable phenomenon of the great permanent wind circle, the North ...
Main trade routes of the Spanish and Portuguese Empires. With the modern age, the Age of Exploration saw some transcontinental thalassocracies emerge. Anchored in their European territories, several nations established colonial empires held together by naval supremacy.
The Casa da Índia (Portuguese pronunciation: [ˈkazɐ ðɐ ˈĩdiɐ]; English: India House or House of India) was a Portuguese state-run commercial organization during the Age of Discovery. It regulated international trade and the Portuguese Empire's territories, colonies, and factories (trading posts) across Asia and Africa.
Direct maritime trade between Europe and China started in the 16th century, after the Portuguese established the settlement of Goa, India in December 1510, and thereafter that of Macau in southern China in 1557. Since the English came late to the transatlantic trade, [15] their commercial revolution was later as well.
The Republic of Venice had gained control over much of the trade routes between Europe and Asia. After traditional land routes to India had been closed by the Ottoman Turks, Portugal hoped to use the sea route pioneered by Gama to break the Venetian trading monopoly. Portugal aimed to control trade within the Indian Ocean and secure the sea ...