LIMITATION OF PORTUGAL

🏮 LIMITATION OF PORTUGAL.

📍 Portugal was a small country, and though developed rapidly in the field of commerce, its financial resources were limited. German and Italian merchants and merchant houses became the principal agents for distributing all over Europe the eastern goods brought to Lisbon by the Portuguese.

📍 Demand in Asia for European goods which could be exchanged for purchase of pepper and other eastern goods was limited. Hence, precious metals, especially silver had to be exported. But portuguese did not had Silver.

📍 The share of the private Portuguese traders in the Portuguese trade to Europe rose sharply, amounting to over 90 per cent of the total.

📍 The expectation of the Portuguese king that Portuguese control of the coastal trade of India would pay for the export of pepper and other eastern goods to Europe also remained a misnomer.