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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.
Year Date Event 80 to 72 BC: The Sertorian War takes place, with Quintus Sertorius, a Roman general, rebelling against Rome with the support of the Lusitanians.: 27 BC: Augustus replaces the old Hispania Ulterior and Citerior division with a new one: Lusitania (Centre and South of modern Portugal and some territory of Modern Spain, namely the capital of Lusitania, Mérida), Baetica (only ...
[1] [2] During this period, Portugal was the first European power to begin building a colonial empire as during the Age of Exploration Portuguese sailors and explorers discovered an eastern route to India (that rounded the Cape of Good Hope) as well as several Atlantic archipelagos (like the Azores, Madeira, and Cape Verde) and colonized the ...
In 1506, King Manuel I of Portugal created taxes for the cod fisheries in Newfoundland waters. [citation needed] João Álvares Fagundes and Pero de Barcelos established fishing outposts in Newfoundland and Nova Scotia around 1521. These were later abandoned, however, when Portuguese colonizers began to focus their efforts mainly on South America.
The Dutch also demonstrated their maritime strength by seizing Malacca from Portugal in 1641, following a series of battles that began in 1602. Dutch and British interest, fed on new information, led to a movement of commercial expansion, and the foundation of English (1600), and Dutch (1602) chartered companies .
With its smaller population, Portugal found itself unable to effectively defend its overstretched network of trading posts, and the empire began a long and gradual decline. Eventually, Brazil became the most valuable colony of the second era of empire (1663–1825), until, as part of the wave of independence movements that swept the Americas ...
The Age of Discovery arguably began in the early 15th century with the rounding of the feared Cape Bojador and Portuguese exploration of the west coast of Africa, while in the last decade of the century the Spanish sent expeditions far across the Atlantic, where the Americas would eventually be reached, and the Portuguese found a sea route to ...
Some time later, the caravels explored the Gulf of Guinea, which led to the discovery of several uninhabited islands: Cape Verde, São Tomé, Príncipe and Annobón. [85] On 13 November 1460, Prince Henry the Navigator died. [86] He had been the leading patron of maritime exploration by Portugal and immediately following his death, exploration ...