Abstract
The chapter summarizes the Spanish conquests and navigation. It also provides a brief summary of how Ferdinand Magellan found another route to the Pacific and the Moluccas, which led to the signing of Treaty of Tordesillas. This divided any newly discovered lands between Spain and Portugal along a Meridian west of the Cape Verde Islands, but no line of demarcation had been set on the other side of the world. This meant that both countries could lay claim to the Spice Islands, as long as Portugal travelled there from the east and Spain from the west. After Magellan's conquest, the Spanish explore the Pacific, which gave them control over the Pacific countries including the Philippines. The chapter also discusses how the charting of 'Urdaneta's Route' made possible a trans-Pacific galleon trade and the profitable colonization of the Philippines and other Latin American countries. Soon ships were travelling regularly from Manila to New Spain. A complex trade network evolved that was truly global in nature. Into Manila would flow spices from the Moluccas and silk and porcelain from China. These would be shipped across the Pacific by the Spanish to Acapulco, a journey of four to six months. The silver came from Potosí, Bolivia where hundreds of thousands of enslaved Incan lives were sacrificed by the Spanish to extract that silver from the bowels of the earth. The mines became the centre of Spanish wealth and were the reason Spain remained powerful during the colonial period. From 1556 to 1783, they extracted some 45,000 tons of silver from these mines. Aside from these, is the silk production as New Spain had a native mulberry tree called the Morera criolla. The Spanish finished their conquest by 1521 and by 1523, the first silkworm eggs had been exported to Mexico. Finally, the chapter closes how England, by means of American privateers, fought off Portugal and Spain.
Social and Economic Conditions of Peru and Countries of the Pacific Alliance