Economy and Trade Dates Flashcards
The Italian merchants develop double-entry book-keeping, the basis for modern accountancy.
c. 1300
Florence becomes a centre of international finance, with Bradi and Peruzzi family acting as bankers to Europes rulers.
c. 1320
Edward III of England, defaulting on his massive debts, drive Florentine banking families of Bradi and Peruzzi into bankruptcy.
1345
Marine premium insurance begins in Genoa.
c. 1350
Hans Fugger founds a bank at Augsburg; Europes largest financial house by …
- 1380
- 1500
Medici Bank established in Florence.
1397
The Medici of Florence become papal bankers.
1414.
An increase in the trade through central Sahara benefits the Songhay, with their capital at Gao, at the expense of Mali.
c. 1480
First sugar mill built in the western hemisphere.
1515.
Gold and silver begins pouring into Spain via seville.
1520.
The Portugese begin to colonise Brazil, in the reign of Joao III; Lisbon and Oporto are licensed as monopoly ports for trade with Brazil.
1521.
Japanese Lords allow Portugues to trade with Japan.
1540s.
Repayment of loans rise to 65% of revenue.
1543.
The first slave worked sugar plantation is established in Brazil.
1550.
Spanish galleons assemble each year at Portobelo to deliver European goods and ships home the metal from Latin America.
1550.
Seville the richest city in Europe.
1555
Attacks of Spanish Treasure fleets.
1555
The Muscovy Company is granted a monopoly by the crown to trade with Russia, as the first city of the english chartered companies.
1555
Spain is technically bankrupt.
1556.
Portuguese crown authorises trade in slaves between Africa and Brazil.
1559.
Spanish silver fleet begins regular sailing to the Fillippines.
1560s
Royal exchange opens in London.
1571.
Drake’s circumnavigation of the world includes raids on Pacific Spanish America; Drakes seizes a spanish vessel laden with gold in the Pacific, formerly a safe area for Spain.
1577-80
Levant Company granted Charter by Queen Elizabeth I of England.
1581
Venice opens the first modern bank (Banco della Piazza di Rialato) for safe deposists and credit transfer.
1587
The first dutch trading expedition reaches the east Indies; it reaches Java and secures trading agreements.
1596
The English East India Company is established when Elizabeth I grants a character to a ‘Company of merchants trading into the east Indies’
1600.
The Dutch East India Company is set up, with tax-free monopoly of the eastern trade for twenty one years.
1602.
French settlers found the colony at Quebec, founded. by Samuel de Champlain as a centre of the French fur trade.
1608
The Dutch Gradually exclude the Portugues from immensely lucrative trade cloves from the spice Islands (Moluccas)
1625
The four years of tulip mania in holland provide the first example of speculative frenzy in a capitalist market.
1633
East India Trading Company base in madras (chennai) - Fort St George.
1639
First coffeehosue established in London.
1652
East India company trading base at Bombay (Mumbay)
1661
East India company trading base in Calcutta (Kolkata).
1702
