Shipwrecks of Dutch East Indiamen
Off the Shetlands and along the English Channel, writes C.R. Boxer, Dutch East-Indiamen, wrecked by storm, are now being carefully salvaged.
It is well known that for many centuries the terms of trade between Europe and Asia operated to the advantage of the latter in so far as the circulation of precious metals was concerned. This was particularly so in the early modern period, after the exploitation of the silver mines of Mexico and Peru in the second half of the sixteenth century. As Fernand Braudel has written in his masterly The Mediterranean and the Mediterranean World in the Age of Philip II (Vol. I, p. 569):