Commercial Rivalry

What happened by the 1570s?

England and Spain had emerged as commercial, trade rivals.

What did both countries compete against each other for?

Access to the markets and resources of the New World, as well as to markets in Turkey, Europe, Russia, China and North Africa.

What had Spain conquered in the early 1500s?

Mexico and Peru.

What did Mexico and Peru provide for Spanish government?

Vast amounts of gold and silver, which were regularly shipped back to Spain.

What did Mexico and Peru give Spain?

Control over the trade in sugar cane and tobacco.

What did Elizabeth’s reign emerge Britain as?

A trade rival for Spain.

Where were sailors, including Sir Francis Drake, journeying?

Great distances on trading voyages to different parts of the world.