Spanish treasure fleet | Wikipedia audio article

The Spanish treasure fleet, or West Indies
Fleet from Spanish Flota de Indias, also called silver fleet or plate fleet (from the Spanish
plata meaning “silver”), was a convoy system adopted by the Spanish Empire from 1566 to
1790, linking Spain with its territories in America across the Atlantic. The convoys were
general purpose cargo fleets used for transporting a wide variety of items, including agricultural
goods, lumber, various metal resources, luxuries, silver, gold, gems, pearls, spices, sugar,
tobacco, silk, and other exotic goods from the Spanish Empire to the Spanish mainland.
Passengers and goods such as textiles, books and tools were transported in the opposite
direction. The West Indies fleet was the first permanent transatlantic trade route in history.
Similarly, the Manila galleons were the first permanent trade route across the Pacific.==History==Spanish ships had brought goods from the New
World since Christopher Columbus’s first expedition of 1492. The organized system of convoys dates
from 1564, but Spain sought to protect shipping prior to that by organizing protection around
the largest Caribbean island, Cuba and the maritime region of southern Spain and the
Canary Islands because of attacks by pirates and foreign navies. The Spanish government
created a system of convoys in the 1560s in response to the sacking of Havana by French
privateers. The main procedures were established after the recommendations of Pedro Menéndez
de Avilés, an experienced admiral and personal adviser of King Philip II. The treasure fleets
sailed along two sea lanes. The main one was the Caribbean Spanish West Indies fleet or
Flota de Indias, which departed in two convoys from Seville, where the Casa de Contratación
was based, bound for ports such as Veracruz, Portobelo and Cartagena before making a rendezvous
at Havana in order to return together to Spain. A secondary route was that of the Manila Galleons
or Galeón de Manila which linked the Philippines to Acapulco in Mexico across the Pacific Ocean.
From Acapulco, the Asian goods were transhipped by mule train to Veracruz to be loaded onto
the Caribbean treasure fleet for shipment to Spain. To better defend this trade, Pedro
Menéndez de Avilés and Álvaro de Bazán designed the definitive model of the galleon
in the 1550s.Spain controlled the trade through the Casa de Contratación based in Seville,
southern Spain. By law, the colonies could trade only with the one designated port in
the mother country, Seville. Maritime archaeology has shown that the quantity of goods transported
was sometimes higher than that recorded at the Archivo General de Indias. Spanish merchants
and Spaniards acting as fronts (cargadores) for foreign merchants sent their goods on
these fleets to the New World. Some resorted to contraband to transport their cargoes untaxed.
The Crown of Spain taxed the wares and precious metals of private merchants at a rate of 20%,
a tax known as the quinto real or royal fifth.Spain became the richest country in Europe by the
end of the 16th century. Much of the wealth from this trade was used by the Spanish Habsburgs
to finance armies to protect its European territories in the 16th and 17th centuries
against the Ottoman Empire and most of the major European powers.
The flow of precious metals also made many traders wealthy, both in Spain and abroad.
The increase in gold and silver on the Iberian market sometimes caused high inflation in
the 17th century, affecting the Spanish economy. As a consequence, the Crown was forced to
delay the payment of some major debts, which had negative consequences for its lenders,
mostly foreign bankers. By 1690 some of these lenders could no longer offer financial support
to the Crown. The Spanish monopoly over its West and East Indies colonies lasted for over
two centuries. The economic importance of exports later declined
with the drop of production of the American precious metal mines, such as Potosí. However,
the growth in trade was strong in the early years. Numbering just 17 ships in 1550, the
fleets expanded to more than 50 much larger vessels by the end of the century. By the
second half of the 17th century, that number had dwindled to less than half of its peak.
As economic conditions gradually recovered from the last decades of the 17th century,
fleet operations slowly expanded again, once again becoming prominent during the reign
of the Bourbons in the 18th century.The Spanish trade of goods was sometimes threatened by
its colonial rivals, who tried to seize islands as bases along the Spanish Main and in the
Spanish West Indies. However, the Atlantic trade was largely unharmed. The English acquired
small islands like St Kitts in 1624; expelled in 1629, they returned in 1639 and seized
Jamaica in 1655. French pirates established themselves in Saint-Domingue in 1625, were
expelled, only to return later, and the Dutch occupied Curaçao in 1634. In 1739, British
Admiral Edward Vernon raided Portobello, but in 1741 his campaign against Cartagena de
Indias ended in defeat, with heavy losses of men and ships. Temporary British seizures
of Havana and Manila (1762-4), during the Seven Years’ War, were dealt with by using
more, smaller fleets visiting a greater variety of ports. Charles III began loosening the system in
1765. In the 1780s, Spain opened its colonies to free trade. In 1790, the Casa de Contratación
was abolished, bringing to an end the great general purpose fleets. Thereafter small groups
of naval frigates were assigned specifically to transferring goods or bullion as required.Despite
the general perception that many Spanish galleons were captured by foreign privateers, few fleets
were actually lost to enemies in the course of the flota’s two and a half centuries of
operation. Only Piet Hein managed to capture the fleet in 1628 and bring its cargo to the
Dutch Republic. In 1656 and 1657 Robert Blake also attacked the fleet in Cadiz and Tenerife,
but the Spanish officers saved most of the silver and the English admiral managed to
capture only a single galleon. The 1702 West Indies fleet was destroyed in the Battle of
Vigo Bay during the War of the Spanish Succession, when the fleet was surprised at port unloading
its goods, but the Spanish sailors had already unloaded most of its cargo. None of these
attacks took place in open seas. In the case of the Manila galleons, only four were ever
captured by British warships in nearly three centuries: the Santa Anna by Thomas Cavendish
in 1589, the Encarnación in 1709 by Woodes Rogers, the Covadonga by George Anson in 1743,
and the Santísima Trinidad in 1762. Two other British attempts were foiled by the Rosario
in 1704 and the Begonia in 1710. These losses and those due to hurricanes were important
economic blows to trade when they occurred. The fleets, however, must be counted as among
the most successful naval operations in history. Moreover, from a commercial point of view,
some key components of today’s world economic system were made possible by the success of
the Spanish West and East Indies fleets.===Spain-Americas Fleets===Every year, two fleets left Spain loaded with
European goods in demand in Spanish America, which were guarded by military vessels. The
silver from Mexico and Peru were the valuable cargo from the Americas. Fleets of fifty or
more ships sailed from Spain to the Mexican port of Veracruz and other to Panama and Cartagena.
From the Spanish ports of Seville or Cádiz, the two fleets bound for the Americas sailed
together down the coast of Africa, and stopped at the Spanish territory of the Canary Islands
for provisions before the voyage across the Atlantic. Once the two fleets reached the
Caribbean, the fleets separated. The New Spain fleet sailed to Veracruz in Mexico to load
not only silver and the valuable red dye cochineal, but also porcelain and silk shipped from China
on the Manila galleons. The Asian goods were brought overland from Acapulco to Veracruz
by mule train. The Tierra Firme fleet, or galeones, sailed to Cartagena to load South
American products, most especially silver from Potosí. Some ships went to Portobello
on the Caribbean coast of Panama to load Peruvian silver that had been shipped from the Pacific
coast port of Callao. The silver had then been transported across the isthmus of Panama
by mule. Other ships went to the Caribbean island of Margarita, off the coast of Venezuela,
to collect pearls which had been harvested from offshore oyster beds. After loading was
complete, both fleets sailed for Havana, Cuba, to rendezvous for the journey back to Spain.
In Mexico in 1635, there was an increase of the sales tax levied to finance the fleet,
the Armada de Barlovento.Between 1703-1705 began the participation of Spanish corsair
Amaro Pargo in the West Indies Fleet. In this period in which he was the owner and captain
of the frigate El Ave María y Las Ánimas, a ship with which he sailed from the port
of Santa Cruz de Tenerife to that of Havana. He reinvented the benefits of the Canarian-American
trade in his estates, mainly destined to the cultivation of the vine of malvasía and vidueño,
whose production (mainly the one of vidueño) was sent to America.===Shipwrecks===
Wrecks of Spanish treasure ships, whether sunk in naval combat or by storms (those of
1622, 1715, 1733 and 1750 being among the worst), are a prime target for modern treasure
hunters. Many, such as the Nuestra Señora de Atocha, and the Santa Margarita have been
salvaged. In August 1750, at least three Spanish merchantmen ran aground in North Carolina
during a hurricane. The El Salvador sank near Cape Lookout, the Nuestra Señora De Soledad
went ashore near present-day Core Banks and the Nuestra Señora De Guadalupe went ashore
near present-day Ocracoke.====Encarnación====
The wreck of the cargo ship Encarnación, part of the Tierra Firme fleet, was discovered
in 2011 with much of its cargo still aboard and part of its hull intact. The Encarnación
sank in 1681 during a storm near the mouth of the Chagres River on the Caribbean side
of Panama. The Encarnación sank in less than 40 feet of water. The remains of the Urca
de Lima from the 1715 fleet and the San Pedro from the 1733 fleet, after being found by
treasure hunters, are now protected as Florida Underwater Archaeological Preserves.====Capitana====
The Capitana (El Rubi) was the flagship of the 1733 fleet; it ran aground during a hurricane
near Upper Matecumbe Key, then sank. Three men died during the storm. Afterward, divers
recovered most of the treasure aboard. The Capitana was the first of the 1733 ships
to be found again in 1938. Salvage workers recovered items from the sunken ship over
more than 10 years. Additional gold was recovered in June 2015. The ship’s location: is 24°
55.491′ north, 80° 30.891′ west.==The flow of Spanish treasure==
Walton gives the following figures in pesos. For the 300-year period the peso or piece
of eight had about 25 grams of silver, about the same as the German thaler, Dutch rijksdaalder
or the US silver dollar. A single galleon might carry 2 million pesos. The modern approximate
value of the estimated 4 billion pesos produced during the period would come to $527,270,000,000
or €469,839,661,964 (based on silver bullion prices of May 2015). Of the 4 billion pesos
produced, 2.5 billion was shipped to Europe, of which 500 million was shipped around Africa
to Asia. Of the remaining 1.5 billion 650 million went directly to Asia from Acapulco
and 850 million remained in the Western Hemisphere. Little of the wealth stayed in Spain. Of the
11 million arriving in 1590, 2 million went to France for imports, 6 million to Italy
for imports and military expenses, of which 2.5 went up the Spanish road to the Low Countries
and 1 million to the Ottoman Empire. 1.5 million was shipped from Portugal to Asia. Of the
2 million pesos reaching the Dutch Republic in that year, 75% went to the Baltic for naval
stores and 25% went to Asia. The income of the Spanish crown from all sources was about
2.5 million pesos in 1550, 14 million in the 1590s, about 15 million in 1760 and 30 million
in 1780. In 1665 the debts of the Spanish crown were 30 million pesos short-term and
300 million long-term. Most of the New World production was silver but Colombia produced
mostly gold. After about 1730 Brazil began producing gold. The following table gives
the estimated legal production and necessarily excludes smuggling which was increasingly
important after 1600. The crown legally took one fifth (quinto real) at the source and
obtained more through other taxes.==See also==Spanish Empire
List of Atlantic hurricanes before 1600 San Esteban (1554 shipwreck)
Nuestra Señora de Atocha, a famous galleon wrecked in 1622 and found off Florida in 1985
1715 Treasure Fleet, which sank off Florida and was partly salvaged in the 1960s
Álvaro de Bazán The Asiento, a monopoly on the trade of African
slaves to Spanish America, held by the English between the War of the Spanish Succession
and the War of Jenkins’ Ear Piracy in the Caribbean
Manila galleon El Salvador, a Spanish merchantman that ran
aground in North Carolina in August 1750 during a hurricane.==Notes====Further reading==
Andrews, Kenneth R. The Spanish Caribbean: Trade and Plunder, 1530-1630. 1978.
Fish, Shirley. The Manila-Acapulco Galleons: The Treasure Ships of the Pacific, with an
Annotated List of the Transpacific Galleons 1565-1815. Central Milton Keynes, England:
Authorhouse 2011. Fisher, John R. “Fleet System (Flota)” in
Encyclopedia of Latin American History and Culture, vol. 2, p. 575. New York: Charles
Scribner’s Sons 1996. Haring, Clarence. Trade and Navigation between
Spain and the Indies in the Time of the Habsburgs (1918)
Haring, Clarence. The Spanish Empire in America New York: Oxford University Press 1947
Murray, Paul. The Spanish Mariners: From the Discovery of America to Trafalgar. 1492-1805.
Observations and Reflections. Mexico, 1976 Schurz, William Lytle. The Manila Galleon.
New York: E. P. Dutton & Co., Inc., 1939. Walton, Timothy R.: The Spanish Treasure Fleets.
Pineapple Press Inc, 2002. ISBN 1-56164-261-4 Zarin, Cynthia. “Green Dreams”, The New Yorker,
November 21, 2005, pp. 76–83 links==
Attack of the Tierra Firma Fleet of 1708. Royal Geographical Society of South Australia
Two firms seek ship, Carolina Coast Online Treasure hunter in race to uncover ship of
riches, Google Philip Masters, True Amateur of History, Dies
at 70, New York Times Shipwrecks and Treasure: the Spanish Treasure
Fleet of 1750 Treasure hunter that found Blackbeard’s pirate
ship sues state for $8.2 million, Fayetteville Observer
Lawmakers enter legal battle over Blackbeard’s ship, News & Observer
Photographer suing state over Blackbeard shipwreck footage, WRAL-TV
Blackbeard’s Law would clarify control of media rights to shipwrecks, News & Record
Controversy Over Blackbeard’s Queen Anne’s Revenge Continues, Public Radio East
Battle Over Shipwreck Photos Brews in N.C., Courthouse News
Plunder disputes plague the wreck of Blackbeard’s ship, Soundings

Add a Comment

Your email address will not be published. Required fields are marked *