But a key to spice trade puzzle, for me, is the transport cost. Some shipped almost all the way around Eurasia, the long way. I know sea transport was and is relatively very inexpensive, but how much did it cost in the technology of the time? And they also had the overhead of military costs. What was the total cost of procuring spices, if that can be calculated?
(Also, I'm not quite clear about the time period this history describes. Freedman's book's title says it's about the medieval period, but most examples in the article seem to be early modern. It's starting to sound like a wide swath of history.)
So if you wanted double you capital it was either spice trade or investing in land for 20 years.
And the cost? It is like asking Citadel about their servers costs....
This line struck me and particularly the mention of tea.
While tea is only slightly mood-altering, the fact that tea was made with boiled water must have had some larger impact given that it reduced the odds of getting a water borne disease. Yes, you could argue that beer/mead etc also had to be boiled but alcohol is a depressant.
The combination of boiled water and a small amount of caffeine being used by a population not used to it must have been a big deal.
> It was common for workers who engaged in laborious tasks to drink more than ten imperial pints (5.7 litres) of small beer a day to quench their thirst
And
... The spice flow, that’s their river, and I have built a dam. But my dam is such that you cannot destroy it without destroying the river. ...’
It would be nice if it could be surreptitiously slipped into the new one somehow, as a tip of the hat to Lynch.