Three long-standing trade routes in the early modern period:
Silk Roads
Indian Ocean
Trans-Saharan
Emergence of new trade routes and rising powers (Europeans).
Strategic location: The Ottoman Empire was situated at the intersection of the Silk Roads, Indian Ocean, and Trans-Saharan trade routes.
Control of trade: This location allowed the Ottomans to control trade across these networks, leading to wealth.
Taxation of trade: The Ottomans taxed trade, unlike the Mongols, who favored tax-free customs to encourage the flow of goods.
Impact on Europe: The Ottomans' control and taxation of trade created a problem for Europe, which sought access to luxury goods like spices, tea, silver, porcelain, nutmeg, and mace from Asia.
Cost increase: Goods from Asia became more expensive in Europe due to middlemen and Ottoman taxes (e.g., $$5 in Asia might become $20 in Europe).
Motivation for new routes: Europeans were motivated to find alternative routes to access Asian markets without Ottoman interference.
New ship types: Europeans developed new types of ships such as the Carrack, Caravelle, and Fluyt, each designed for different purposes.
Borrowed technologies: Europeans adopted technologies like the magnetic compass from China and the astrolabe from the Arab world.
Improved mapping: They improved maps and began mapping the coast of Africa.
Prince Henry of Portugal: Portugal, under Prince Henry, initiated explorations.
Island colonization: The Portuguese first took over islands like the Azores and Madeira to experiment with settlement and cultivation.
Coastal exploration: They gradually explored the African coast, establishing trading posts and a colony in Angola.
Reaching India: In 1498, Vasco da Gama successfully sailed around the southern tip of Africa to reach India, opening a direct trade route to South and Southeast Asia and bypassing the Ottoman Empire.
Competition: This success led to increased competition among European countries.
Christopher Columbus: Spain hired Christopher Columbus to find a new route to Asia by sailing west.
Miscalculations: Columbus underestimated the Earth's circumference and was unaware of the Americas.
Landing in the Caribbean: In 1492, Columbus landed on an island in the Caribbean, initiating the Columbian Exchange and the European conquest of the New World.
Spanish expansion: Spain began to colonize the New World and discovered silver, which they traded with China via the Pacific Ocean, controlling the Philippines.
Additional players: Besides Spain and Portugal, France, England, and the Dutch entered the scene.
North American colonization: These powers colonized areas like Canada (France) and established colonies like Jamestown (England) and the 13 colonies.
Dutch dominance: The Dutch took over the Indian Ocean trade from Portugal.
Shift in trade dynamics: While the Ottoman Empire remained present and continued to control old trade routes, the emergence of new routes diminished their dominance.
The new routes changed and altered the game.