History Of Indians

7 Pages 1776 Words

6th and 17th centuries provided both new products and new markets. The influx of gold and silver from the Spanish possessions in the Western Hemisphere increased the monetarization of European national economies and provided the basis for growing demand and price inflation. The development of more effective methods of managing trade and investment heightened the impact and extent of commercialization. Emerging institutions like national banks and chartered companies provided the means for expanding commercial activities.
Columbus’ first experience with Indians was with the Arawak tribes or the Bahamas Islands. He landed there on the historical 1492 voyage of the Nina, Pinta, and Santa Maria with the notion that he could sail west to get east to Asia and the Indies. The King and Queen of Spain whom he promised gold financed his precarious voyage. The Arawak showed extreme hospitality and showered Columbus and his men with gifts. Immediately Columbus demanded the crew to begin search for gold and took several of the natives prisoner only to learn the Arawak culture put no value on gold and did not posses any themselves. Convinced that the “New Land” did contai...