Man703:Pirate
Finance
Profits of
the Sweet the Trade
Instructor:
Saucy Jack
Financial Gains,
the Beginning.
In 1521 Hernando Cortez
captured the Aztec in what is now Mexico. He sent proof of the
value of his new conquest to Spain in three caravels. The
small ships carried gold, silver, pearls, jade figurines and
other wonders of the new world. Somewhere near the Azores, six
French corsairs captured the small Spanish flotilla. In June
of 1494, the new world had been divided by the catholic pope
between Spain and Portugal with the Treaty of Tordesillas.
With the capture of Cortez’s caravels the word was out. The
new world held great riches for the Spanish. Now the
protestant French Huguenots along with the English and Dutch
descended on the treasure Fleets of Spain.
In the beginning, the
protestant attacks on the Spanish were carried out by
privateers, clandestinely supported by their national
governments. They were privateers for their government no
matter how secrete the support (ig. Hawkins & Drake.) One
country’s privateer is his enemy’s pirate. The privateers
shared their captured wealth with their backers and their
government.
More than Treasure
As European powers, other than
Spain and Portugal made land conquest in the new world, a
surge of piracy plagued the Gulf of Mexico, Caribbean and the
Atlantic Seaboard of the English Colonies. Unemployed
privateers and men of questionable character turned to piracy
for a vocation. Treasure diminished and the bands of pirates
turned to trade goods to generate cash and ships stores, foods
and drink to sustain their lifestyles.
Division of the Spoils
Prizes
plundered were divided as set down in the Pirate Articles
The
Captain and Quarter-Master to receive two Shares
The
Master, Boatswain, and Gunner, one Share and a half
Other
Officers, one and a Quarter
Crewmembers one share
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