why were valuable spices regarded as currency in trade

The abolition of serfdom wasn't until the 18th century for most European powers, except England and France. As luxury goods, The main consumers of spice were the wealthy, middle to upper class members of society. As luxury goods, The main consumers of spice were the wealthy, middle to upper class members of society. What was the value of the spice trade during the age of exploration? High prices, a limited supply and mysterious origins fueled a growing effort to discover spices and their source of cultivation. Much political turmoil was caused by the demand for nutmeg over the centuries. – none, that’s out of my note; nutmegs, seven; a race or two of ginger, but that I may beg; four pound of prunes, and as many raisins o’ th’ sun." During the 1500s Spain and Portugal were going to war over cloves whereas now they’re on your grocer’s shelf for a couple bucks. Is it acceptable to hide your affiliation in research paper? Had there been instances of national states banning harmful imports before the mid-19th C Opium Wars? It remains mystery that why spices have high price during middle ages. Exotic spices were often more expensive than the food itself in former times. 7:2, 37b), si'ah is identified with ẓatrah , which is Satureia tymbra Savory , an aromatic dwarf shrub of the family Labiatae , that grows wild on mountains. Move over, cigarettes: ramen is the new king of prison currency. History Stack Exchange is a question and answer site for historians and history buffs. Basically anyone who could afford it. Neither was spices: the supply, in Europe, was severely limited. Spices were by and large bought by nobles, upper level clergies, affluent traders; upper class, and the wealthier upper middle classes. And where did that wealth come from? 8:1; Ma'as. Salt became one the most important trade items - which allowed for changes in the ancient economy and spreading of trade routes. There was a big portion of extra wealth available to spend, and it was an interesting luxury item since those times the spices in foods were very limited in europe due to the climate. as cooking ingredients (...) - not only to add flavour but also to make the food, which was often far from fresh, palatable, particularly in hot climates. Also the prices were maintained by the big companies formed in these times: British East India company and the dutch one for similar purpose. Another trade town was Bulgar, where the Volga Bulgars ran the trade along with the Rus, as these Vikings came to be called. Spices are not just used to flavor food; spices are used in medicines and cosmetics. Do you know what those will be worth after the collapse of society? Spices were expensive because they were very useful, and - based on this usefulness - merchants could get away with charging high prices for them. 5. Spices were prized goods in the Middle Ages. To learn more, see our tips on writing great answers. The spice trade was "such a profitable venture" precisely because "spices are quite expensive when they reach their terminal buyer" - relative to their cost in Asia, which is something like 1/10 or 1/100 the sales price. So in this new world,… Gold and silver were expensive, and yet there was clearly a market for it. A bicycle is not useful when it sits in the garage, but when you ride it. If you were a rich noble or bourgeois during in the 15th century, you might be willing to spend some money for your porridge to taste better - but you sure will be ready to spend much more for products that were supposed to protect you and your loved ones from diseases. It only takes a minute to sign up. What was used for writing in 15th century Europe? A cup is not being useful when it sits in the cupboard, only when you drink from it. Does Revelation 1:6 have an example of Sharp's Rule? One of the worst events being the bloody conquest of the island of Banda by the Dutch in 1621 for the sole purpose of controlling the production of nutmeg. It was stronger than any change in the world. Stack Exchange network consists of 176 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. An interesting point Semaphore made is that the commodity was consumable. How did the high price of spices allow such high demand? I think OP's saying that something as expensive as spices shouldn't be in enough demand to be "so profitable". Whether Roman soldiers were actually paid in salt sometimes (quite debatable), they often would have bought salt with their pay, given its utility and valuable nature. The 14th-century Black Death caused demand for saffron-based medicaments to peak, and Europe imported large quantities of threads via Venetian and Genoan ships from southern and Mediterranean lands such as Rhodes. (Shakespeare, The Winter’s Tale 4.3.36-48). This occurred when the products moved from the "exploration" to the "exploitation" stage in global markets, because Europeans gained access to tropical lands where such products could be produced cheaply. Why were spices such a popular trade item back then? Nothing. The question is a bit confusing. The spice trade began in the Middle East more than 4,000 years ... Banda nutmeg is still regarded as … Bash expansion asymmetry when opening and creating files. History of Spice Trade As evident from the literature, spices were an important ingredient in cooking, preserving food as well as medicinal purposes in the ancient regions of India, China, Egypt, Mesopotamia and Persia. There are many spice sellers around the world. And it needs to be fairly rare - … Spices were among the most valuable items of trade in ancient and medieval times. Why is there a 2 in front of some of these passive component parts? There was only one currency used and there were no complicating customs dues. Pepper - Pepper, as in the black peppercorns in your pepper grinder, is native to India where it has been used since prehistoric times. It is also regarded as the value of one country's currency in relation to another currency. As we've seen, it also needs to be stable, portable and non-toxic. The word salary was derived from the word salt because in ancient times salt was also a form of currency; Ancient Roman soldiers were paid with sacks of salt & Ancient Greeks bought slaves with salt. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for US$1 or that US$1 will be exchanged for ¥114. Religious and supposed medicinal uses aside, these people valued spices because it is expensive; it formed a social status symbol, desirable for showing off. How embarrassing! Other contemporary items that had similar qualities included chocolate, coffee and sugar. As time progressed, the spice trade was integral in the development of commerce and capitalism. For hundreds of years, the islands of modern Indonesia and Malaysia were centers of one of the richest trades in the world. It was a luxury item, to be sure, but it wasn't completely out of reach for the average middle class professional. Spice trade is the important part of human history. … But this does not explain anything. Spices were among the most valuable items of trade in ancient and medieval times. So the assumption is that expensive items don't allow profit? Why the Banda Islands Were Once More Valuable Than Manhattan. Either way, this notable etymology, along with a number of common modern quotes in English, alone provide good support for the precious role salt once played in civilisation. Sometimes for virtues that modern science kinda backs up ; most often according to concepts modern science considers rubbish. Contrast that with modern cinnamon production of ~35,000 tons. Other Europeans were also producing salt, including the Venetians, whose trade of salt with Constantinople made them very wealthy. For a long time, people wondered why it was things with no nutritional value which were so strongly desired. Historic accounts from the rise to the fall of the Roman Empire speak of pepper as both valuable currency and a coveted luxury for the cuisine of only the elite wealthy citizens of Rome. How can I by-pass a function if already executed? Spices, which were cheaper and yet consumables, would logically have a bigger market as long as Europeans have a demand for them as luxury goods. The main point is that spices were mostly consumed not for flaworing dishes, but for preventing and curing illness. The Spanish shipped in shiploads of it from the New World, for instance. What is meant by openings with lot of theory versus those with little or none? Nutmeg & Mace - Nutmeg and mace are two separate parts of one fruit indigenous to the islands of Indonesia. During the 16th century, the Portuguese captured Melaka to dominate the lucrative spice trade; other city states such as Aceh, Banten, Brunei and Pegu also sprung up by exporting and trading spices. The ancient Egyptians used cinnamon as an aromatic agent in their embalming process. Why bother with anything else besides Aristotle's syllogistic logic? Many spices have been found to contain antimicrobial properties that thwart the growth of bacteria. Long before the voyages of European explorers, spices were globally traded products. In terms of country, and social class. The royal palaces and courts across these regions valued them highly and incorporated them in their royal cuisine. Sorry for the confusion, I am looking for explanation that how a population that is predominately serfs are capable of sustaining large volume of spice trade. As spices once created a global economic network in the Middle Ages, other commodities have followed a similar path. It is rumored that Alaric I (King of the Visigoths) as well as Attila (Ruler of the Huns) both demanded a ransom of black pepper (over a ton worth) in order to stop attacking Rome in the 5th century. In some cases, where supply conditions were favorable, the "massification" of use created a "backup demand" that helped increase supplies so much that their prices dropped sharply and they were no longer luxuries, but became necessities. Santa Barbara Organic Spice Co. Inc. only markets USDA certified organic and Fair Trade Spices. Command with arguments separated by comma II, Plot discrete points with a density value as individual rectangles. The paid 40% dividend, and everybody was happy about it. You will never look at your salt shaker or pepper grinder the same once you know the profound history behind these and other ordinary spices in your cupboard…. The spice trade refers to the trade in spices between historical civilizations in Asia, Northeast Africa and Europe.Spices such as cinnamon, cassia, cardamom, ginger, pepper, and turmeric were known and used in antiquity for commerce in the Eastern World. So even (well to-do) peasants could afford pepper, the cheapest of the common spices. Try weighing your salt and pepper. From wiki: In Elizabethan times, because nutmeg was believed to ward off the plague, demand increased and its price skyrocketed. The Dutch enslaved the locals and proceeded to establish nutmeg plantations. The price was maintained simply because of the risk, the long trip, and the fact the nobles are willing to waste the extra wealth on it. Is there any way to turn a token into a nontoken? The Brits use it to churn out scones, balti meat, various hotpots and to flavour pork. The other use for spices you might not have realised was "medicinal" - they were thought to have pharmaceutical benefits. To say that the value of money is due to social convention is to say very little. However, even the poor peasant could buy a bit of spice here and there. Trade was vital to the success of the Empire. The spice trade routes were also important to the Europeans as it contributed to the development of Europe’s maritime capabilities. Spice trade, the cultivation, preparation, transport, and merchandising of spices and herbs, an enterprise of ancient origins and great cultural and economic significance. Cinnamon - Though mostly indigenous to Sri Lanka and Indonesia, cinnamon was regarded as a gift for royalty in ancient civilizations. For instance, here's the son of a prosperous farmer going to market to buy supplies for a feast: "Let me see; what am I to buy for our sheepshearing feast? Why would a technologically advanced society recruit 14 year old children to train them to become the next political leaders and how could this begin? And as more and more trade routes were established and transplanted spices started to be growing in more places, supply enlarged and the value of spices fell. Maybe in the very early beginning of trade when salt was quite rare. I then remembered in history class that spices were a really sought after commodity in the middle ages. Because it is accepted! Thanks for contributing an answer to History Stack Exchange! Trade was also encouraged by many years of peace within the Empire. What exactly was the Moon's "Evection Resonance"? I'm with @MarkC.Wallace C.Wallace- I don't think I understand the issue. Our Fair Trade status is vouched for by Trust Organic Small Farmers – an alliance for eco-ethical trade and goods. First of all woven mats made of coconut tree branches were placed on the surface of the water. Spices were what we would nowadays call mass luxuries. Where was the furthest extent of Arabian trade explorations? Seasonings such as cinnamon, ginger, cassia, and turmeric were important items of commerce from the earliest evolution of trade. rev 2021.2.26.38663, The best answers are voted up and rise to the top, History Stack Exchange works best with JavaScript enabled, Start here for a quick overview of the site, Detailed answers to any questions you might have, Discuss the workings and policies of this site, Learn more about Stack Overflow the company, Learn more about hiring developers or posting ads with us. Even when the Roman Empire’s domination was coming to an end the symbol and importance of salt stayed alive. Cloves would be used as painkiller and to cure your teeth. So the demand from aristocrats was supported by demand from "ordinary" people. And both Ancient Greeks and Romans consumed cumin believing it would bleach their skin to a fairer complexion. The seasonings have also been used for medicinal properties and as preservatives in food storage. When the Empire collapsed, trade throughout the lands that had once made up the Roman Empire, also collapsed. Vikings established trade centers and towns along the way, notably Novgorod and Kiev. The story of the quest for spices is an early model of globalization, since mirrored by other traded goods. The Arabs established a spice route bringing cinnamon to European empires while they maintained the secrecy of its source until the 16th century. "I was under the impression that the European population was predominantly serfs during 15 and 16th century.". People recluded in a penal reservation, who believe they are on Mars but they are actually on alien-invaded Earth. And if I say everybody, I include customers too, spicing their food was a good sign if they are wealthy, which was obvious for their guests, when they learned they ate for example three spices from indonesian islands and india. Asking for help, clarification, or responding to other answers. Vigenère Cipher problem in competitive programming. If the goal of communism is a stateless society, then why do we refer to authoritarian governments such as China as communist? Vikings took slaves in their raids and after battles. They are expensive on a per-unit basis, but it is the "smallness" of use that makes them affordable. Contact Us: Sales@thespicygourmet.com (805) 448-7961, Organic Artisanal Tandoori Chicken Masala, Classic Garam Masala Spices - Mixed Vegetable Curry, integral in the development of commerce and capitalism. As long ago as 3500 BC the ancient Egyptians were using various spices for flavouring food, in cosmetics, and for embalming their dead. I think previous answers miss the most important reason why spices were such a valuable good, and so expensive in Europe (or China, btw).
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