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‘Profits sprout like tropical plants’: a fresh look at what went wrong with the Eurasian spice trade c. 1550–1800

Published online by Cambridge University Press:  01 November 2008

Stefan Halikowski Smith
Affiliation:
History Department, Swansea University, Singleton Park, Swansea SA2 8PP, UK E-mail: S.Halikowski-Smith@swansea.ac.uk
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Abstract

There has been little in the way of fresh thinking on the Eurasian spice trade since the 1980s, partly due to the crisis in economic history, although recent work has both dealt with the agency of non-European actors and started to take Chinese demand into the equation. Starting with problems specific to the Portuguese re-export trade, this article highlights the role of consumers, using research undertaken on the structures of demand to present a theory of cultural demystification. The Portuguese, it is argued, by opening direct trading links to the sources of supply, broke what amounted to a spell that had sustained the trade from the time of Alexander the Great. In concrete terms, the performance of individual spices is disaggregated, and the appearance of rival pepper products brought under scrutiny. While African peppers failed to consolidate the consumer interest they had generated over the fifteenth century, capsicum peppers rapidly spread to southern Europe, where they were domesticated and hence became invisible to international trade. The success of the capsicum pepper was replicated in West Africa, India, and China.

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Articles
Copyright
Copyright © London School of Economics and Political Science 2008
Figure 0

Graph 1.Spices moving through the Antwerp Crown Feitoria 1498–1526, compared to volumes managed by the Casa da Índia. Sources: for Crown Feitoria, see the Cartas de quitação del-Rei Dom Manuel, nos. 584, 15, 350, and Arquivo Histórico Portuguez, vol. 7, doc. 53, pp. 321ff; for the Casa da Índia, I have drawn on Cartas de quitação, nos. 223, 432, 603, 649.

Figure 1

Graph 2.1.The Venetian redistributive system c.1485.

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Graph 2.2.The Portuguese redistributive system, 1517–19.

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Graph 2.3.The Portuguese redistributive system, 1585.

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Graph 3.The decline of Portuguese shipping arriving in the port of Antwerp compared to that arriving in the port of Lisbon. Sources: Livro 209, C.F.P.A., A.N.T.T., Lisbon; T. Bentley Duncan, ‘Navigation between Lisbon and Asia’, in E. J. Van Kley and C. K. Pullapilly, eds., Asia and the west. Encounters and exchanges, Notre Dame: University of Notre Dame Press, 1981.

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Figure 1.Pepper substitutes.

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Figure 1.Continued

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Graph 4.Price substitutability on the Antwerp pepper market, 1409–1559.

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Graph 5.Relative movements of spice prices, 1450–1800: the French case. Source: H. Mauruschat, Gewürze, Zucker und Salz im vorindustriellen Europa: eine preisgeschichtliche Untersuchung, Göttingen: Univ., Wirtschafts- u. Sozialwiss. Fak., 1975, ‘Preise in Frankreich’, Table 2.

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Graph 6.Composition of incoming cargoes from the East Indies, 1668–70. Sources: R. Davis, ‘English foreign trade, 1650–1700’, Economic History Review, 7, 1954, pp. 163–6; N. Steensgaard, ‘The growth and composition of the long-distance trade of England and the Dutch Republic before 1750’, in James D. Tracy, ed., The rise of merchant empires, Cambridge: Cambridge University Press, 1990–1, pp. ; D. Ormrod, ‘Northern Europe and the expanding world-economy: the transformation of commercial organisation, 1500–1800’, in S. Cavachiocci, Prodotti e tecniche d'Oltremare delle Economie Europee, secoli XIII–XVIII, Prato: Istituto Internationale di Storia Economica, 1998, p. 681. Note, by ‘value’, purchase price rather than sale price is intended.