When Silver Was Worth More Than Gold In CHINA, The Galleon Trade

When Silver Was Worth More Than Gold In CHINA, The Galleon Trade
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[@PabloBromberg]

Thanks Peter. Actually, the vast majority of silver reaching Asia came from the Potosi mines in Bolivia, not from Lima. One of the best (and most concise) books on the subject is "The Silver Way: China, Spanish America and the Birth of Globalisation, 1565-1815" by Peter Gordon and Juan José Morales, published by Penguin (2017).

[@oltedders]

Thank you for fine-tuning the information in this video. So much word of mouth misinformation came around amongst the dealers in Chinese export goods available to collectors in the latter half of the 20th century. Scholarship has finally caught up to the retail market, but there is still a cadre of old timers with scant book learning touted as experts out there.

[@avardmacgregor746]

You are a natural teacher, Peter. Seems like you have recovered nicely from your surgery.

[@cassielachat4901]

Thanks so much Peter for another fascinating history lesson!

[@haiyanliu-t6w]

Thanks Peter for the informative video. You are the consummate warrior and you impeccable integrity is what we admire in you. Keep it up; May the health goddess shine up un you. Best wishes Steve @ Haiyan

[@lindarichmond1197]

As usual another riveting, informative talk. Will look into the linked material. Thanks once again, Peter. I hope all is well with you.

[@timothysullivan6790]

Just great, as always. Concise histories that not many of us ever hear. And I’ll add that because the teller is intelligent and humane, I wish you’d go on and on. Your channel has me watching the sales rooms and I got a very nice Famille Rose tea strainer at a bargain price last month because you started a new enthusiasm for me. You’re very good video company and I’m glad whenever your videos pop up.

[@nathanielalgernon975]

Love these history lessons, thanks very much for those PDF links, will look into it.

[@freeman.finishccp3221]

Thank you for your great Video❤❤❤❤❤❤❤

[@yingyingan1949]

Thank you so much Peter! Another great lesson! All the very best Peter! A great day to start the Australia Day!🇦🇺🎉❤

[@RichMitch]

Fascinating. I love the history lessons

[@christopherrichards-loubie135]

Thank you, Peter!

[@jameszahn6644]

How interesing! Yesterday just finished the chapter of Spanish Amarda destroyed by storm in 1588 (English version Kamikaze) from "To rule the waves", a book on British building sea power. Francis Drake died during his last excursion to South America, failed to plunder one of Phillip II's bi-annually shipments of silver and gold back to Spain. Fascinating history.

[@kathywiseman7944]

Excellent information 👍🏻

[@Mingbaakmei]

Peter and interesting history lesson which does not quite provide all of the historical background as to why Spain went West, through Central America, to get to the East, China. In the late15th Century the Pope(s) in their full wisdom signed two 'Bulls' (proclamations) dividing 'control' of the "newly discovered world" between Spain and Portugal. Spain got all lands and waters to the west of a line which ran down the centre of the North Atlantic (so all of North America) and the coast of South America, not including the bulge of Brazil poking out into the South Atlantic (so almost all of South America) and the Pacific Ocean. Portugal got the eastern half of the North Atlantic, almost the whole of the South Atlantic, the bulge of South America, the whole of Africa, the whole of the Indian Ocean, the whole of India and most of East Asia and China. This is how Spain obtained its South American colonies and Portugal obtained Brazil, its African colonies, Goa on the Indian sub-continent, Malacca in Malaysia and Macao in China. So to get to China Spain HAD to go through the isthmus of Central America. Fortuitously they struck silver and established the trade as you have so wonderfully described. However this endeavour was assisted by the fact that between 1580 and 1640 Spain and Portugal were united under the control of a single king, thereby enabling Spain to commence its silver trade with China without Portugese objections. Glaringly the Protestant nations of Europe, Holland and Great Britain, as well as Catholic France, had been left out of these 'Bulls'. As these nation's power increased so did their expansion into the 'New World' through the 17th and 18th centuries, which resulted in the Pope's applecart being overturned and Spain and Portugal's influence in Asia being diminished. As you note by the 1800's Spain's influence in the Far East was gone, to be replaced by another Protestant nation - the USA.

[@melcorry8097]

Thank you very much for your wise words as always, Peter I should know what your weekly review to keep a trend of the game in London

[@WondrousThingswithBrianFrench]

Thanks Peter!

[@jackkohler1392]

Another really great video! Such an interesting period- I am just amazed its as little discussed as it is in the history books. When you visit Lima, its very clear just how much wealth flowed through there-still an amazing city. Thanks again for sharing your tremendous knowledge with us.

[@arielvalencia4583]

thanks ! really neccesary video..actually silver came from 2 places -not lima peru- potosi in bolivia and mexico-new spain- from zacatecas state were the indians had been conquered to get the biggest silver deposits...currently we mexico still largest silver exporter, and yes lots of porcelain getting here all excavations in mexico city downtown all are full of ming hinese porcelain! that came thru acapulco port...south mexico-the new spain then....

[@susprime7018]

A hunger for silver, just like the Hunt brothers, well a hunger for manipulating the market in their case. However, it is oddly true, a fault in human nature, the artificially produced higher value, makes it more desirable. "I need to buy some sterling now before it goes higher," somewhat similar to the Chinese ceramic market. Oh well, silver is pretty and is not breakable. In early jewelry, diamonds were set in silver with gold backs, because they show best in white metal, later in platinum, but just like the Chinese favoring silver, when platinum first started being used, it was known as "lesser silver." I love silver, white gold and platinum. Thanks for the explanation of the trade route. Yes, the Phillipines played a big role in the trade routes, according to a video I watched from the MFA Houston on KZbin.

[@bobbytsai7751]

Very informative. So glad to know better about this aspect of Chinese history in trade. Thank you very much

[@justmeonthebeach]

The Manila Galleon Trade ... accordingly, refers to the trade route itself between Acapulco, Mexico and Manila, Philippines that was operational from 1565 to 1815... with the Spanish merchant/trading/treasure ships from Manila (Philippines) to Acapulco (Mexico) to Veracruz (Mexico) to Sevilla (Spain) for 250 years....

[@murrayibbs3441]

Thankyou you Peter. A very interesting video there's a lot of unknown history out there when you start looking. Hope you are feeling much better. Greetings from Australia on Australia Day

[@Johnmartin-vz7yc]

Peter, There is a good Penguin Special "The Silver Way" by Peter Gordon and Juan Morales on the silver galleon trade.

[@besticanaffordantiques2565]

You mentioned that Ferdinand named the Philippines, and I was curious what the original or native name was for it. It didn't have one. Haha, pretty fun.

[@arielvalencia4583]

would add too...that mexico war of independence started the cancellation of last galleons etc apx 1812...

[@StephenMortimer]

you missed mention of the CACA FUEGO

[@besticanaffordantiques2565]

I'm much more a fan of silver than gold. I mean, unless I find it to sell I guess. Haha, hhhhmmmm... But do I like silver more than silk? 🤔