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There were 2,700,000 sheep in Spain by 1467 and wool was the chief agricultural product, along with mutton, milk and cheese. (Ref. 211 ) At the end of the century Spain had an epidemic of typhus, brought there in 1490 by soldiers who had been fighting in Cyprus. (Ref. 140 ) In addition, incidental to the celebrations upon the return of Columbus from his first voyage in 1493, a terrible epidemic of syphilis broke out. It was severe, rapid in progress and of ten fatal and within 4 or 5 years the disease "toured" Europe. (Ref. 260 )

Portugal

On the political front, Portugal finally made peace with Castile in 1411 and then started their expansion on the African mainland. Their luck was bad as the plague hit and then they suffered an overwhelming defeat at Tangiers in 1437. Alfonso V, who ruled from 1437 to 1481, was one-half Spanish. The nobles revolted against him at one time, but he did promote the Ordenacoes Affonsinas, the first Code of Portuguese Law, in 1146. It was an amalgam of Roman, Visigothic and customary law.

It was not only gold hunger but shortages of grain, fish and slaves to work the sugar plantations of Madiera that stimulated the Portuguese merchant marine of this century. They built fortresses on the Gold Coast of Africa in the 1480s and by the end of the century were bringing 700 kilograms of gold and 10,000 slaves to Lisbon every year. (Ref. 8 )

In their initiation of the slave trade, the Portuguese had the blessings of the Catholic Church in that Pope Nicholas V had authorized them to "attack, subject and reduce to perpetual slavery the Saracens, pagans and other enemies of Christ southward from Capes Bajador and Non, including all the coast of Guinea."

Quotation from H.A. Wyndham, The Atlantic and Slavery, published in London, 1935, page 221, as noted in Reference 211
Of course, the black kings and merchants of the African coast were happy to trade slaves for European cloth, hardware, spirits or firearms.

NOTE: Insert Map 55. The Iberian Peninsula Towards The End of the 15th Century (1476)

Near the end of the century Joao Il had to suppress another revolt by the nobles. When Portugal and Spain began to squabble over their overseas possessions in the new world, the Treaty of Tordesillas made a dividing line which was only more or less subsequently observed. In 1497, the same year that Portugal either expelled the Jews or forcibly converted them, Vasco da Gama, using an Arab navigator, Arab maps and astronomy tables of the Jew, Abraham Zacuto, sailed around the southern tip of Africa to India and thus began the commercial supremacy of Portugal. Unfortunately Vasco lost more than half of his crew to scurvy on the journey. Navigational improvements were pioneered through Prince Dom Enrique (Henry), the Navigator, son of Joao II and he brought mathematicians and astronomers, who made instruments and trigonometric tables to measure latitude. These improvements also resulted in the discovery and peopling of the Azores as well as the African coast. (Ref. 150 )

Questions & Answers

What are the factors that affect demand for a commodity
Florence Reply
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
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Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
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Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
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Source:  OpenStax, A comprehensive outline of world history. OpenStax CNX. Nov 30, 2009 Download for free at http://cnx.org/content/col10595/1.3
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