Economy and Trade Dates

Question 1

The Italian merchants develop double-entry book-keeping, the basis for modern accountancy.

Answer 1

c. 1300

Question 2

Florence becomes a centre of international finance, with Bradi and Peruzzi family acting as bankers to Europes rulers.

Answer 2

c. 1320

Question 3

Edward III of England, defaulting on his massive debts, drive Florentine banking families of Bradi and Peruzzi into bankruptcy.

Answer 3

1345

Question 4

Marine premium insurance begins in Genoa.

Answer 4

c. 1350

Question 5

Hans Fugger founds a bank at Augsburg; Europes largest financial house by …

Answer 5

1. 1380
2. 1500

Question 6

Medici Bank established in Florence.

Answer 6

1397

Question 7

The Medici of Florence become papal bankers.

Answer 7

1414.

Question 8

An increase in the trade through central Sahara benefits the Songhay, with their capital at Gao, at the expense of Mali.

Answer 8

c. 1480

Question 9

First sugar mill built in the western hemisphere.

Answer 9

1515.

Question 10

Gold and silver begins pouring into Spain via seville.

Answer 10

1520.

Question 11

The Portugese begin to colonise Brazil, in the reign of Joao III; Lisbon and Oporto are licensed as monopoly ports for trade with Brazil.

Answer 11

1521.

Question 12

Japanese Lords allow Portugues to trade with Japan.

Answer 12

1540s.

Question 13

Repayment of loans rise to 65% of revenue.

Answer 13

1543.

Question 14

The first slave worked sugar plantation is established in Brazil.

Answer 14

1550.

Question 15

Spanish galleons assemble each year at Portobelo to deliver European goods and ships home the metal from Latin America.

Answer 15

1550.

Question 16

Seville the richest city in Europe.

Answer 16

1555

Question 17

Attacks of Spanish Treasure fleets.

Answer 17

1555

Question 18

The Muscovy Company is granted a monopoly by the crown to trade with Russia, as the first city of the english chartered companies.

Answer 18

1555

Question 19

Spain is technically bankrupt.

Answer 19

1556.

Question 20

Portuguese crown authorises trade in slaves between Africa and Brazil.

Answer 20

1559.

Question 21

Spanish silver fleet begins regular sailing to the Fillippines.

Answer 21

1560s

Question 22

Royal exchange opens in London.

Answer 22

1571.

Question 23

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.

Answer 23

1577-80

Question 24

Levant Company granted Charter by Queen Elizabeth I of England.

Answer 24

1581

Question 25

Venice opens the first modern bank (Banco della Piazza di Rialato) for safe deposists and credit transfer.

Answer 25

1587

Question 26

The first dutch trading expedition reaches the east Indies; it reaches Java and secures trading agreements.

Answer 26

1596

Question 27

The English East India Company is established when Elizabeth I grants a character to a ‘Company of merchants trading into the east Indies’

Answer 27

1600.

Question 28

The Dutch East India Company is set up, with tax-free monopoly of the eastern trade for twenty one years.

Answer 28

1602.

Question 29

French settlers found the colony at Quebec, founded. by Samuel de Champlain as a centre of the French fur trade.

Answer 29

1608

Question 30

The Dutch Gradually exclude the Portugues from immensely lucrative trade cloves from the spice Islands (Moluccas)

Answer 30

1625

Question 31

The four years of tulip mania in holland provide the first example of speculative frenzy in a capitalist market.

Answer 31

1633

Question 32

East India Trading Company base in madras (chennai) - Fort St George.

Answer 32

1639

Question 33

First coffeehosue established in London.

Answer 33

1652

Question 34

East India company trading base at Bombay (Mumbay)

Answer 34

1661

Question 35

East India company trading base in Calcutta (Kolkata).

Answer 35

1702