290 likes | 446 Views
The Caribbean in the 17 th Century. How did the Spanish Lose Their Monopoly on the Caribbean?. The Low Countries/Netherlands. Dutch Trade and Urbanization. Capitalist Approach to Agriculture. New Consumer Society. The Dutch FlyBoat. Spain’s Charles I (1516-1556): Encircling France?.
E N D
The Caribbean in the 17th Century How did the Spanish Lose Their Monopoly on the Caribbean?
Dutch Global Trade Joint Stock Companies
Dutch Indiaman: 1600s • 1/2 the carrying capacity of a Portuguese ship • ¼ the crew • Lower “castles” = more maneuverable • Fewer crew = greater profits
Dutch West Indies Company • Mining salt, buying hides • Selling (smuggling) European goods • Buying enslaved African people • Extending credit • Eventually: bringing home tobacco and sugar
Piet Heyn (1577-1629) • Rose from sailor to captain • Galley slave for Spain • Became a captain sailing for the Dutch East Indies Comp;any
Vice Admiral of WIC in 1623 • Numerous raids against Spanish and Portuguese fleets • 1628 captured the Mexican half of the treasure fleet
Bay of Matanzas: 16 ships No bloodshed 11.5 million guilders 50% annual profit for WIC Funded Dutch armies for 8 months