Splendid Exchange, A

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Splendid Exchange, A Page 57

by Bernstein, William L


  Ptolemy I, 36, 38, 157, 162

  Ptolemy II, 36

  Punt, 32, 34, 59

  qadi, 91, 93

  Qana, 62

  qilin, 102

  Quraish tribe, 69–71, 137

  Qussay, 69

  rabbits, 132

  rafiq (companion), 6

  railroads, 310, 318, 326–27, 331–33, 361

  Raleigh, Walter, 219

  Reagan, Ronald, 369

  Reciprocal Trade Agreements Act of 1934, 353

  Red Rover, 293

  Red Sea, 32, 34, 36–38, 59, 73, 75, 87, 89, 117, 128, 136, 178, 181–82, 190, 192, 232

  coffee trade across, 244–45

  pirate-infested waters, 128

  raids against Arab shipping in, 153

  Reform Act of 1832, 307, 310

  refrigeration, 332

  Reginald of Châtillon, 153, 182

  reindeer, 22

  Reis, Piri, 182

  rent prices, convergence of, 340

  Republican vs. Democratic tariff policies, 349–50, 362

  Revolutionary Settlement of 1689, 248

  Ricardo, Abraham Israel, 248, 304

  Ricardo, David, 17, 248

  “classical economics,” 340

  death, 307

  on free trade, 304–7, 313, 315, 319, 338–39, 340

  law of comparative advantage, 18, 305

  Ricardo, Joseph Israel, 304

  rice, 14, 90, 237, 283, 340. See also grain

  Rodinson, Maxime, 70

  Rodrik, Dani, 383, 384

  Roger II, King of Sicily, 87

  Rogowski, Ronald, 362

  political interpretation of Stolper-Samuelson Theorem, 342-49, 362, 421n25

  Roman Empire, 10. See also Elagabalus

  fall of, 40–42, 53, 116

  incense imports from Arabia Felix, 62, 64

  Indian Ocean and, 4

  trade with China, 2–5, 8, 42, 78

  trade and diplomatic relations with India, 10

  Romanus Pontifex, 167

  “Royal Adventurers into Africa,” 273

  Royal African Company (RAC), 273, 274

  Run, 227, 229, 230

  Russell, Lord John, 312

  Rustichello, 77

  Sachs, Jeffrey, 373, 375

  safety net, 380, 382–83. See also social welfare programs

  saffron, 112

  sago palm, 115

  Saladin, 76, 118, 123, 124

  Samarkand, 154

  Samsi, Queen of Arabia, 56

  Samuelson, Paul, 339, 342, 366, 383

  sandalwood, 90

  Sandwich, Lord, 273

  Santa Maria, 215

  Santangel, Luis de, 165

  Saracens, 153

  Saronic Gulf, 47

  Sassanid (Persian) empire, 67

  Sassoon, David, 298

  Say, Léon, 344

  Schlesinger, Arthur M. Sr., 241

  scurvy, 170, 172, 176

  seals, 31

  Seattle, riots in, 366

  Seljuk Turks, 118

  Sequeria, Lopez de, 183

  sericum, 2

  Serrão, Francisco, 183, 185–86, 188, 195, 196

  Seven Years’ War, 241–42, 302

  Shabwah, 62, 64, 65

  sharia. See Islamic law

  ship travel

  dangers and hardships, 6–7, 84

  farmers and, 23

  vs. land travel, 4, 6, 24, 331

  Stone Age, 23

  shipping container, 361, 423n49

  ships, 22

  steam vs. sail, 326–30

  Siam, 101, 107, 109, 285

  Sicily, 43, 46, 47, 50, 74, 76, 118, 206

  Athenian expedition to, 43

  Siemens, Charles William, 326

  “silent trade,” 21, 61

  silk, 1–4, 12, 41, 66, 82, 104, 192, 193, 203

  in Britain, 254–55, 257, 261

  camels used to ship, 12, 58

  China and, 1, 2, 8, 40, 90, 204

  origin and history, 199

  Spain and, 200, 203, 204

  Silk Road, 4, 57, 75, 77, 89, 91, 98, 113, 117, 130, 134, 137, 139

  silkworms, 2, 200

  Silva, Nuño da, 215

  silver, 10–11, 30, 41–42, 111, 192, 193, 202

  as internationally recognized currency, 29, 199

  opium and, 287, 289, 290

  Sinai Desert, 21, 32, 59

  Sinbad the Sailor, 87

  “Sinbad’s Way,” 89, 117, 136, 232

  skins, animal, 22

  slave soldiers. See mamluk slave system

  slavery and slave trade, 83, 85, 111, 122, 271–79, 296

  African, 272–74, 296

  mamluks and Black Sea route, 119

  Mongols and, 124–25, 127, 129

  statistics, 275

  sugar and, 271

  in United States, 320

  Venice and, 111, 119, 124, 127, 130

  smallpox, 131, 133, 135

  Smith, Adam, 8, 313, 340

  on East India Company in the Bengal, 283

  on free trade, 282, 292, 294, 304, 319, 338

  impact on policy, 283

  on role of government, 283

  Wealth of Nations, 258, 292, 304, 305, 315

  Smoot, Reed, 351

  Smoot-Hawley Tariff, 338, 351–55, 359

  social welfare programs, 379

  Socotra, 38, 136, 181. See also Dioscordia

  Solomon, King, 34

  Song Dynasty, 91, 98

  “sound dues,” 239

  Sousa, Garcia de, 184

  South Carolina, 272, 321–23, 418n14

  South Sea Bubble, collapse of, 262

  Spain, 162. See also specific topics

  Caribbean and, 267

  Moluccas and, 226

  Philippines and, 200

  vs. Portugal, 167, 168, 189, 197

  Portugal’s independence from, 209

  silk industry, 200, 203, 204

  union with Portugal, 208

  Spanish barbers/bloodletters in Mexico City, 198, 203, 204

  Spanish dollar. See piece of eight

  Sparta, 47

  Spice Islands, 78, 105, 111–17, 127, 141, 152–53, 162, 183, 185, 214

  Babullah’s rule over, 197

  Dutch conquest of, 264

  Magalhães and, 186

  Portugal and, 185, 187, 189, 191, 193, 200

  Revolt of Babullah, 196

  Spain and, 187, 189, 193, 200

  spices in, 111, 113

  VOC and, 220–221, 226, 229–32, 234

  spice trade, 110–17, 153

  Aceh and, 191

  Cairo and, 97, 111, 118, 190, 191

  Venice and, 77, 110, 111, 119, 153, 156, 190, 191

  spices, 77, 90, 104, 110–117. See also incense

  medicinal properties, 112

  Moluccan, 113, 115–17, 243

  spinning machines, 254, 262

  Sri Lanka, 111, 116, 152, 212, 232, 250

  Stamp Act of 1765, 241

  Stamper, Norm, 366

  steam power, 38, 326–30, 349, 373

  steam-sail boundary, 327

  Stein, Gil, 31

  Stolper, Wolfgang, 339, 341–42, 366

  Stolper-Samuelson theorem, 342–44, 349, 361, 362, 377, 378

  Ronald Rogowski and 342–49, 362, 421n25

  stone tools, 8, 22

  Story, James, 216

  Strabo, 116, 162

  Strait of Hormuz, 26, 38, 368, 370

  Strait of Malacca, 52, 82, 101, 103, 192, 292, 368, 371

  Stuyvesant, Peter, 198, 209

  Suez Canal, 329–30, 337, 369

  ancient, 36–37, 73

  Sufis, 244

  sugar, 205–8, 243, 253, 267

  England and, 205, 267

  grinding season, 277

  history, 206, 267

  production, 205

  slave labor and, 271

  sugar demographics, 278

  Suma Oriental of
Tomé Pires, 104, 105, 109

  Sumeria, 20, 26, 27–28, 31

  Sunda Strait, 192, 210, 218, 234

  Surinam, 207, 209, 250, 268

  Swansea, 317

  Sweden, 52, 74, 239, 379

  Syracuse, 43, 46

  Syria, 67, 68, 70, 129, 138, 153

  Taif, 68, 70

  Taiwan, 235

  Talas, battle of, 74

  Tang dynasty, 74, 79, 86, 138

  tarabagans, 131, 133, 134

  tariffs, See free trade; taxation

  Tariff Act of 1832, 321

  Tariff of Abominations (1828 Act), 321

  tariff reduction in Europe, “golden era” of (1860–1880), 313–15, 339

  tariff wars of 1930s, 351

  Tariq ibn Ziyad, 74

  Tartars, 140. See also Mongols

  tax rates, 82, 97, 194, 261, 265, 349

  taxation, 69, 107–8, 241, 301, 308, 379–81, 384. See also free trade

  Chinese system, 83

  plague and, 149

  redistributive, 379

  ruler’s right to tax, 283

  without representation, 241–42

  tax(es).

  excise, 248

  import, 64, 83, 239, 258, 266, 297, 301, 303, 310, 311–15, 319

  income, 320

  land, 260, 283

  tea, 83, 240–43, 264–67, 330

  China and, 264, 287

  contraband, 265

  England and, 241, 242, 264–67, 287

  opium and, 287, 290, 294, 295

  Tea Act, 242

  Tenochtitlán, 131

  Ternate, 113–15, 188, 195, 196, 226

  terrorism, 140, 364, 369–71, 376

  textiles, 32, 104, 111, 180, 211, 240, 253–57, 274, 278, 322, 340, 362–63. See also cotton, linen, silk, wool

  cotton, 253

  East India Company and, 243, 264

  Indian, 104, 253, 254, 264, 299

  thar (retribution), 67

  Theodosia, 49, 125

  Third Republic, 343

  Thomna, 64

  Thompson, Sir William, 336

  Thoreau, Henry David, 333

  Thousand Nights and a Night (Book of the), 87

  Thucydides, 43–46, 135

  Tiberius, 10

  Tidore, 113–14, 188–89, 196, 226

  Tiglath-pileser III, 56

  Tigris River, 26, 81, 89,154

  tin, 27–28, 42, 106, 316

  tobacco, 14, 239, 240, 268, 278, 288, 299

  Tokugawa shogunate, 194, 234

  tools, See stone tools

  Toqtai, 130

  Tordesillas, Treaty of, 168–69, 176, 187

  Tory Party, 297, 310

  Toscanelli, Paolo dal Pozzo, 162

  Townshend Act, 241, 242

  trade

  dependency on continuous flow of, 9

  diasporas, 31, 32, 38, 65, 81, 160, 173, 203

  direct, long-distance, 34, 35

  innate tendency to, 8

  lessons from the history of, 367

  trade wars causing real wars, 356

  trilemma of, 67

  “trade winds,” origin of the term, 11

  transportbrief, 236

  Travels of Marco Polo, The (Polo), 78, 81, 96, 97

  treasure fleets. See Zheng He.

  Trefler, Daniel, 381

  triangular trade pattern, 278

  tribute-for-gift exchange, 285

  Trinidad, 188, 189, 201

  Trocki, Carl, 292

  Truchess, Heinrich, 144

  Truchy, Henri, 345

  Tudor, Frederic, 332, 333, 335

  Tudors, 215, 216

  Tughluq, Muhammad, 92, 93

  tumungam, 107

  Turkey, 197, 216, 256–57, 288, 370. See also Ottoman Empire

  Turks, 122, 190, 232, 240

  Tuscany, 332

  Tyre, 118, 127

  Umayyads, 74, 75, 81, 117, 121, 147

  Underwood Tariff, 349

  “undress,” 255

  United States, 241

  Civil War, 263–64, 319, 322, 324

  control over shipping lanes in 20th century, 43

  cotton and, 308

  income inequalities, 377

  shipbuilding in, 328

  slavery in, 276

  South, 320, 321

  trade policy, 319–24, 338

  transport in, 324, 326

  Ur, 16, 26

  Urdaneta, Andrés de, 202

  Uruk, 25

  Valle, Pietro della, 246

  van Linschoten, Jan Huyghen, 218

  van Neck, Jacob, 219

  van Oldenbarnevelt, Johan, 220

  Venice, 77, 106, 110–11, 120, 124, 180, 192

  Byzantines and, 120, 125

  coffee and, 246, 247

  Dutch and, 234, 240

  Egypt and, 110, 119, 120, 123, 124

  Genoa and, 77, 106, 111, 112, 117, 119, 125, 127, 156, 160

  Ottomans and, 190

  plague and, 143, 146

  Portuguese and, 180, 185, 190, 191

  slave trade and, 111, 119, 124, 127, 130

  spice trade and, 77, 110, 111, 119, 153, 156, 190, 191, 231

  textile industry, 240

  Turks and, 190

  vulnerability of, 43, 51

  Vergulde Draek, 212

  Versailles, 247

  vessels, sewn-skin, 22

  Via Sacra, 40

  Victoria, 188, 189

  Victoria, Queen, 333

  Vienna, 247

  Villehardouin, Geffroi de, 119

  Vivaldi, Ugolino and Vadino, 156, 162

  Voyage to Arabia Felix, A (Jean de La Roque), 247

  wage convergence, 340, 341. See also labor

  wako marauders, 102

  Walden Pond, 333

  Wales, 316

  war, caused by trade wars, 355

  War of 1812, 293

  warehouses. See funduqs; horrea

  Warmington, E. H., 41

  Warner, Andrew, 373, 375

  watches, tariffs on foreign, 351

  watercraft, 22

  Wealth of Nations (Smith), 258, 292, 304, 305, 315

  Weeding, Thomas, 291

  West India Company (WIC), 198, 208, 209, 268

  Whampoa, 285, 289, 290

  wheat and wheat prices, 14, 44, 46, 90, 301–4, 306–7, 312, 315, 331, 339, 340, 343, 347

  Wilcox, Clair, 357

  Willem III (King William of England), 240, 248, 260

  Wilson, Woodrow, 349

  wood, 32, 150. See also lumber; ships, metal vs. wooden

  Wood, Adrian, 380

  wool, 57, 111, 240, 257, 259

  World Trade Organization (WTO), 364

  Third Ministerial Conference, 366

  World War II, 356

  trade following, 359

  Wyeth, Nathaniel, 332

  Xenopsylla cheopsis, 134. See fleas

  Xerxes, 48

  Yasir al-Balisi, 129

  Year of the Elephant, 70

  Yemen, 65, 128, 212, 249. See also Arabia Felix

  coffee trade and, 249

  Yrissari, Xavier, 292. See also Jardine Matheson and Company

  Yusuf Asai, 69

  Zaccaria, Benedetto, 142, 156

  Zadar, 119, 120

  Zaitun, 86, 87, 94, 96, 106

  zamorin, 97, 109, 175

  Zheng He, 75, 99–103, 149

  Zhu Di, 100–102, 109

  Zhu Yuanzhang, 99

  zielkoopers (“soul buyers”), 236

  zielverkoopers (“soul sellers”), 235, 236

  Zweig, Stefan, 166

  LIST OF ILLUSTRATIONS

  1. This ancient rock carving from Bergbuten in Norway clearly shows a hunter in the bow of a sewn skin boat. The paddler stands in the rear. Source: The Earliest Ships, Conway Maritime Press.

  2. The north Arabian saddle, which has been in continuous use for the past two thousand years, solved the difficult problem of mounting cargo over the soft, moveable hump o
f the dromedary camel. In one day, a single driver leading three to six animals could convey over two tons of goods thirty miles. Source: The Pastoral Taureg, Thames & Hudson.

  3. A Bactrian camel struggles to rise under its load. This Tang Dynasty (ca. ninth century AD) ceramic was found in the tomb of a Chinese Silk Road merchant. By courtesy of the Field Museum, Chicago.

  4. Marco Polo’s fantastical but true tales of places where widows threw themselves on their husbands’ funeral pyres, where hashish-addled assassins thought themselves in heaven, and where the sun never set in summer nor rose in winter evoked widespread ridicule in Europe.

  5. The modern government of China has revived the story of eunuch admiral Zheng He’s seven massive expeditions into the Indian Ocean in the fifteenth century in order to demonstrate its peaceful intentions in the twenty-first century. By courtesy of David Kootnikoff.

  6. Doge Enrico Dandolo saw the Fourth Crusade as a threat to Venice’s spice trade with Egypt. He sabotaged the expedition and at age ninety led its remaining forces in the sacking of Constantinople. From the Granger Collection, New York.

  7. Infante Dom Henrique (later known as Prince Henry the Navigator), the youngest son of King João I and Queen Philippa of Portugal, participated in the kingdom’s Moroccan campaigns. On beholding the edge of the vast North African desert, he realized the futility of his mother’s dream of a trans-Saharan route to the Indies. After returning home, he sponsored the fifteenth-century Portuguese exploration of the African coast, which eventually lead to the rounding of the Cape of Good Hope by Diaz and da Gama.

  8. Portugal’s slow crawl down the African coast in the fifteenth century foundered on the adverse winds which grew stronger the farther the vessels proceeded south. Vasco da Gama solved the problem with a “wide swing” to the southwest before heading eastward to the Cape of Good Hope. His reputation for brutality preceded him in most of the African and Asian ports he subsequently visited and snarled trade and diplomatic relations. By courtesy of National Maritime Museum, Greenwich, England.

  9. Afonso de Albuquerque built Portugal’s empire in the Indian Ocean. He seized the critical chokepoints at Malacca and Hormuz, but could not stanch the flow of spices on Muslim ships through Bab el Mandeb. From the Granger Collection, New York.

 

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