Francisco Pizarro

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pages: 497 words: 153,755

The Power of Gold: The History of an Obsession by Peter L. Bernstein

Albert Einstein, Atahualpa, Bretton Woods, British Empire, business cycle, California gold rush, central bank independence, double entry bookkeeping, Edward Glaeser, Everybody Ought to Be Rich, falling living standards, financial innovation, floating exchange rates, Francisco Pizarro, German hyperinflation, Hernando de Soto, Isaac Newton, joint-stock company, joint-stock limited liability company, Joseph Schumpeter, large denomination, liquidity trap, long peace, Money creation, money: store of value / unit of account / medium of exchange, old-boy network, Paul Samuelson, price stability, profit motive, random walk, rising living standards, Ronald Reagan, seigniorage, the market place, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, trade route

There was gold in central Hispaniola, where the Spaniards worked both the mines and the Indians so hard that by 1519 only two thousand of an original population of more than one hundred thousand remained and slaves were already being imported from Africa to do the nuning.15 Nevertheless, rumors were rife in Darien about vast supplies of gold somewhere to the south, perhaps near a sea whose uncertain existence might lead to the gold. When Balboa arrived in Darien, he became close friends with an illiterate swordsman, also from Estramadura, whose name was Francisco Pizarro. Pizarro, like Balboa, was a man who did not flinch at danger if a venture promised a commensurate reward. The move to Darien did nothing to solve Balboa's financial problems. One day in September 1513, still frustrated and in trouble with the law, Balboa was weighing some gold when a barbarian chieftain came up, scattered the glittering metal around the room, and cried, "I can tell you of a land where they eat and drink out of golden vessels, and gold is as cheap as iron is with you."16 This was all Balboa needed to prompt him to lead a great enterprise he expected would bring him to King Ferdinand's attention.

Some time after the discovery of the Pacific, at a moment when Balboa was making plans to sail southward on his newly discovered sea toward Peru in search of more gold, the governor of Darien accused him of treason and ordered him to be beheaded. The governor, who had been sent out with fifteen hundred men by the king of Spain after receiving the electrifying news of Balboa's discoveries, happened to be Balboa's father-in-law; the executioner assigned by the governor to this task was none other than Francisco Pizarro. Pizarro was an illegitimate child, abandoned by his mother on the church steps of the town where he was born. He grew up tough, a man of great endurance and strong leadership skills. At a time when most men rationalized their mistreatment of the Indians as motivated in some way to improve their lot and bring them the blessings of Christianity, Pizarro refused to mask his goals.

The chaplain announced that he had come to set forth to the Inca the articles of true faith, which he proceeded to do at great length. He finished by explaining the role of the pope, who had commissioned the Spanish emperor, "the most mighty monarch in the world, to conquer and convert the natives in this western hemisphere.... [His] general, Francisco Pizarro, had now come to execute this important mission."24 Atahualpa exploded. "I will be no man's tributary," he announced. "I am greater than any prince on earth.... For my faith, I will not change it. Your God, as you say, was put to death by the very men whom he created." He halted to point to the sun, then just beginning to set behind the mountains, and added, "But my God still lives in the heavens and looks down on his children."

pages: 632 words: 159,454

War and Gold: A Five-Hundred-Year History of Empires, Adventures, and Debt by Kwasi Kwarteng

accounting loophole / creative accounting, anti-communist, Asian financial crisis, asset-backed security, Atahualpa, balance sheet recession, bank run, banking crisis, Bear Stearns, Big bang: deregulation of the City of London, Bretton Woods, British Empire, business cycle, California gold rush, capital controls, Carmen Reinhart, central bank independence, centre right, collapse of Lehman Brothers, collateralized debt obligation, credit crunch, currency manipulation / currency intervention, Deng Xiaoping, discovery of the americas, Etonian, eurozone crisis, fiat currency, financial innovation, fixed income, floating exchange rates, foreign exchange controls, Francisco Pizarro, full employment, German hyperinflation, hiring and firing, income inequality, invisible hand, Isaac Newton, John Maynard Keynes: Economic Possibilities for our Grandchildren, joint-stock company, joint-stock limited liability company, Joseph Schumpeter, Kenneth Rogoff, labour market flexibility, liberal capitalism, market bubble, money: store of value / unit of account / medium of exchange, moral hazard, new economy, Nixon triggered the end of the Bretton Woods system, oil shock, Plutocrats, plutocrats, Ponzi scheme, price mechanism, quantitative easing, rolodex, Ronald Reagan, South Sea Bubble, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, the market place, The Wealth of Nations by Adam Smith, too big to fail, War on Poverty, Yom Kippur War

But, regardless of the relative merits of the military campaigns in Peru and Mexico, the result was a considerable flow of gold and particularly of silver into Spain which, over the coming decades, would transform the economy of Western Europe. Francisco Pizarro had been born in Trujillo, a town in Extremadura in Castile, in the late 1470s. He was in fact a distant cousin of Hernan Cortés, whose grandmother, Leonor, had been a Pizarro. As he was the illegitimate son of a soldier, Francisco Pizarro’s prospects were unfavourable, and reports that he had been a swineherd in his youth are plausible, since pigs were important in the local economy.13 Despite being illiterate and poor, he was bold and determined.

A handful of Spanish adventurers, in the first decades after the discovery of America by Christopher Columbus in 1492, had conquered and practically enslaved an entire continent, unknown to Europeans in previous centuries. The Spanish discovery of the New World has been called the ‘greatest event in history’.7 Its protagonists, men such as Hernando Cortés and Francisco Pizarro, became celebrated in their own lifetimes. Among the native populations, the Spanish were regarded as supermen, endowed with magical powers and equally superhuman greed. ‘Even if the snows of the Andes turned to gold still they would not be satisfied,’ observed Manco, the Inca noble who encountered Pizarro in the 1530s.

Despite the ambivalences of his nature, no one has disputed the scale, even if accomplished at a high price in human lives, of what was achieved in the conquest of Mexico. Cortés always showed himself to be an excellent commander, with an outstandingly even temperament, who could always improvise creatively in adversity. He spoke to his men in a steady, unruffled tone which often proved inspirational.11 Cortés’s exploits in Mexico were rivalled by those of Francisco Pizarro in Peru. Both men, like the other conquistadors, endured uncommon hardships in the pursuit of their calling, but they were often cruel. The ‘physical toughness’ and ‘sheer determination’ of the conquistadors have ‘certainly never been surpassed . . . Nor can we readily call to mind their equals in duplicity, greed, and utterly callous and unbridled cruelty.’12 The success Pizarro enjoyed in Peru was even more spectacular than Cortés’s triumphs in Mexico, though Pizarro had far fewer soldiers.

pages: 790 words: 150,875

Civilization: The West and the Rest by Niall Ferguson

Admiral Zheng, agricultural Revolution, Albert Einstein, Andrei Shleifer, Atahualpa, Ayatollah Khomeini, Berlin Wall, BRICs, British Empire, business cycle, clean water, collective bargaining, colonial rule, conceptual framework, Copley Medal, corporate governance, creative destruction, credit crunch, David Ricardo: comparative advantage, Dean Kamen, delayed gratification, Deng Xiaoping, discovery of the americas, Dissolution of the Soviet Union, European colonialism, Fall of the Berlin Wall, Francisco Pizarro, full employment, Hans Lippershey, haute couture, Hernando de Soto, income inequality, invention of movable type, invisible hand, Isaac Newton, James Hargreaves, James Watt: steam engine, John Harrison: Longitude, joint-stock company, Joseph Schumpeter, Kickstarter, Kitchen Debate, land reform, land tenure, liberal capitalism, Louis Pasteur, Mahatma Gandhi, market bubble, Martin Wolf, mass immigration, means of production, megacity, Mikhail Gorbachev, new economy, Pearl River Delta, Pierre-Simon Laplace, probability theory / Blaise Pascal / Pierre de Fermat, profit maximization, purchasing power parity, quantitative easing, rent-seeking, reserve currency, road to serfdom, Ronald Reagan, savings glut, Scramble for Africa, Silicon Valley, South China Sea, sovereign wealth fund, special economic zone, spice trade, spinning jenny, Steve Jobs, Steven Pinker, The Great Moderation, the market place, the scientific method, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, Thomas Malthus, Thorstein Veblen, total factor productivity, trade route, transaction costs, transatlantic slave trade, undersea cable, upwardly mobile, uranium enrichment, wage slave, Washington Consensus, women in the workforce, World Values Survey

While Englishmen still hankered after conquering Calais, mighty native American empires were being subjugated by Spanish adventurers. In Mexico the bloodthirsty Aztecs were laid low by Hernán Cortés between 1519 and 1521. And in Peru, just over a decade later, the lofty Andean empire of the Incas was laid low by Francisco Pizarro. Pizarro had no illusions about the relationship between the risks and rewards of conquest. It took two expeditions in 1524 and 1526 even to locate the Inca Empire. In the course of the second, when some of his less tenacious brethren were faltering, Pizarro spelt out that relationship by drawing a line in the sand: Comrades and friends, there lies the part that represents death, hardship, hunger, nakedness, rains and abandonment; this side represents comfort.

In seven out of thirteen future American states on the eve of the American Revolution, the right to vote was a function of landownership or the payment of a property tax – rules that remained in force in some cases well into the 1850s. In the Spanish colonies to the south, land had been allocated in a diametrically different way. In a cedula (decree) dated 11 August 1534, Francisco Pizarro granted Jerónimo de Aliaga and another conquistador named Sebastián de Torres a vast domain – an encomienda – called Ruringuaylas, in the beautiful valley of Callejón de Huaylas in the Peruvian Andes. The valley was fertile, the mountains full of precious ore. The question facing de Aliaga was how to exploit these resources.

., ‘Slavery and the Slave Trade in the Context of West African History’, Journal of African History, 10, 3 (1969), 393–404 Ferguson, Niall, The War of the World: History’s Age of Hatred (London, 2006) Fernández-Armesto, Felipe, The Americas: A History of Two Continents (London, 2003) Findlay, Ronald and Kevin H. O’Rourke, Power and Plenty: Trade, War, and the World Economy in the Second Millennium (Princeton, 2007) Gabai, Rafael Varón, Francisco Pizarro and his Brothers: The Illusion of Power in Sixteenth-Century Peru (Norman, 1997) Graham, R., Patronage and Politics in Nineteenth-Century Brazil (Stanford, 1990) Haber, Stephen, ‘Development Strategy or Endogenous Process? The Industrialization of Latin America’, Stanford University working paper (2005) Hamnett, Brian R., ‘The Counter Revolution of Morillo and the Insurgent Clerics of New Granada, 1815–1820’, Americas, 32, 4 (April 1976), 597–617 Hemming, J., The Conquest of the Incas (London, 1993) Hobbes, Thomas, Leviathan or the Matter, Forme, and Power of a Common Wealth, Ecclesiasticall and Civil (London, 1651) Jasanoff, Maya, Liberty’s Exiles: American Loyalists in the Revolutionary World (forthcoming) King, James F., ‘A Royalist View of Colored Castes in the Venezuelan War of Independence’, Hispanic American Historical Review, 33, 4 (1953), 526–37 Klein, Herbert F. and Francisco Vidal Luna, Slavery in Brazil (Cambridge, 2010) Langley, Lester D., The Americas in the Age of Revolution, 1750–1850 (New Haven/London, 1998) Lanning, John Tate, Academic Culture in the Spanish Colonies (Port Washington, NY/London, 1969) Locke, John, Two Treatises of Government: In the former, The false Principles and Foundation of Sir Robert Filmer, And his Followers, are Detected and Overthrown.

pages: 666 words: 189,883

1491 by Charles C. Mann

agricultural Revolution, Alfred Russel Wallace, Atahualpa, Bartolomé de las Casas, Big bang: deregulation of the City of London, clean water, Columbian Exchange, Columbine, European colonialism, Francisco Pizarro, Gary Taubes, Hernando de Soto, invention of agriculture, land tenure, Menlo Park, New Journalism, phenotype, Plutocrats, plutocrats, Silicon Valley, stem cell, trade route

Dobyns, a young anthropologist working on a rural-aid project in Peru, dispatched assistants to storehouses of old records throughout the country. Dobyns himself traveled to the central cathedral in Lima. Entering the nave, visitors passed by a chapel on the right-hand side that contained the mummified body of Francisco Pizarro, the romantic, thuggish Spaniard who conquered Peru in the sixteenth century. Or, rather, they passed by a chapel that was thought to contain the conqueror’s mummified body; the actual remains turned up years later, stashed inside two metal boxes beneath the main altar. Dobyns was not visiting the cathedral as a sightseer.

Llamas prefer the coolness of high altitudes and, unlike horses, readily go up and down steps. As a result, Inka roads eschewed valley bottoms and used long stone stairways to climb up steep hills directly—brutal on horses’ hooves, as the conquistadors often complained. Traversing the foothills to Cajamarca, Francisco Pizarro’s younger brother Hernando lamented that the route, a perfectly good Inka highway, was “so bad” that the Spanish “could not use horses on the roads, not even with skill.” Instead the conquistadors had to dismount and lead their reluctant animals through the steps. At that point they were vulnerable.

Consider Gaspar de Carvajal, author of the first written description of the Amazon, an account reviled for its inaccuracies and self-serving descriptions almost since the day it was released. Born in about 1500 in the Spanish town of Extremadura, Carvajal joined the Dominican order and went to South America to convert the Inka. He arrived in 1536, four years after Atawallpa’s fall. Francisco Pizarro, now governor of Peru, was learning that to avoid outbreaks of feckless violence he needed to keep his men occupied at all times. One of the worst troublemakers was his own half brother, Gonzalo Pizarro. At the time, conquistador society was abuzz with stories of El Dorado, a native king said to possess so much gold that in an annual ritual he painted his body with gold dust and then rinsed off the brilliant coating in a special lake.

Guns, germs, and steel: the fates of human societies by Jared M. Diamond

affirmative action, Atahualpa, British Empire, California gold rush, correlation does not imply causation, cuban missile crisis, discovery of the americas, European colonialism, Francisco Pizarro, Hernando de Soto, invention of movable type, invention of the wheel, invention of writing, James Watt: steam engine, Maui Hawaii, QWERTY keyboard, the scientific method, trade route

The third chapter introduces us to collisions between peoples from dif- ferent continents, by retelling through contemporary eyewitness accounts the most dramatic such encounter in history: the capture of the last inde- pendent Inca emperor, Atahuallpa, in the presence of his whole army, by Francisco Pizarro and his tiny band of conquistadores, at the Peruvian city of Cajamarca. We can identify the chain of proximate factors that enabled Pizarro to capture Atahuallpa, and that operated in European conquests of other Native American societies as well. Those factors included Spanish germs, horses, literacy, political organization, and technology (especially ships and weapons).

Instead, for practical purposes the collision of advanced Old World and New World societies began abruptly in A.D. 1492, with Christopher Columbus's “discovery” of Carib- bean islands densely populated by Native Americans. The most dramatic moment in subsequent European-Native American relations was the first encounter between the Inca emperor Atahuallpa and the Spanish conquistador Francisco Pizarro at the Peruvian highland town of Cajamarca on November 16, 1532. Atahuallpa was absolute monarch of the largest and most advanced state in the New World, while Pizarro represented the Holy Roman Emperor Charles V (also known as King Charles I of Spain), monarch of the most powerful state in Europe.

He offered his famous ransom in the naive belief that, once paid off, the Spaniards would release him and depart. He had no way of understanding that Pizarro's men formed the spearhead of a force bent on permanent conquest, rather than an isolated raid. Atahuallpa was not alone in these fatal miscalculations. Even after Ata- huallpa had been captured, Francisco Pizarro's brother Hernando Pizarro deceived Atahuallpa's leading general, Chalcuchima, commanding a large army, into delivering himself to the Spaniards. Chalcuchima's miscalcula- tion marked a turning point in the collapse of Inca resistance, a moment almost as significant as the capture of Atahuallpa himself.

pages: 295 words: 92,670

1494: How a Family Feud in Medieval Spain Divided the World in Half by Stephen R. Bown

Atahualpa, Bartolomé de las Casas, British Empire, charter city, Eratosthenes, European colonialism, Francisco Pizarro, Hernando de Soto, Peace of Westphalia, spice trade, The Wealth of Nations by Adam Smith, trade route, two and twenty, UNCLOS

The floodgates to the wealth of the Americas were now flung wide open. Roving bands of privately funded adventurers scoured the Americas from Florida to Peru, searching for another source of easy treasure. The Mayan city-states in the Yucatán Peninsula and Guatemala were subjugated by Pedro de Alvarado in 1523, and Francisco Pizarro led his band of privateers south to Peru in 1531. By 1533, Pizarro had defeated the Inca Empire and conquered the city of Cuzco by treacherously capturing Emperor Atahualpa. In Florida, Hernando de Soto led an expedition in search of the Fountain of Youth and the Seven Cities of Cibola in 1539.

{ timeline } 1418—1420 Portuguese mariners discover and settle the Madeira Islands in the Atlantic Ocean 1425 Enrique of Castile born 1434 Gil Eannes sails south along the African coast past Cape Bojador, beginning the Portuguese naval exploration of Africa and the slave trade under Henry the Navigator 1439 Portuguese mariners discover and settle the Azores 1440 Probable date for Gutenberg's first printing press 1451 Isabella of Castile born; Christopher Columbus born 1452 Pope Nicholas V issues the bull Dum Diversas, which provides the moral authority for the slave trade 1453 Constantinople falls to the invading armies of Mehmet the Conqueror 1454 Enrique becomes king of Castile 1455 Pope Nicholas v issues the bull Romanus Pontifex, establishing Portuguese monopoly along the African coast — King Enrique marries Juana of Portugal 1462 Juana la Beltraneja born 1464—1468 War for the Castilian succession 1469 Isabella and Ferdinand secretly wed in Toledo 1474 King Enrique IV dies in Madrid, Isabella proclaimed queen of Castile; war with Portugal 1476 Battle of Toro — Christopher Columbus washed ashore in Portugal after shipwreck 1477 A new translation of Ptolemy's Geography published in Bologna 1478 Papal bull of Sixtus IV establishes the Inquisition in Castile 1479 Treaty of Alcáçovas ends war between Castile and Portugal 1480 Ferdinand Magellan born 1481 King Afonso V of Portugal dies; his son João becomes king — Pope Sixtus IV issues Aeterni Regis, sanctioning the terms of the Treaty of Alcáçovas and affirming Portuguese claims south and east in the Atlantic Ocean 1484 Columbus first proposes his “Enterprise of the Indies” to João II 1486 Rebuffed in Portugal, Columbus travels to Castile to persuade Isabella and Ferdinand 1488 Bartolomeu Dias rounds the southern tip of Africa for Portugal 1492 Rodrigo Borgia becomes pope — Fall of the Kingdom of Granada — Christopher Columbus sails across the Atlantic Ocean for Isabella and Ferdinand — Beginning of the expulsion of the Jews from Castile 1493 Pope Alexander vi issues the bull Inter Caetera and other bulls, dividing the world between Spain and Portugal 1494 The Treaty of Tordesillas is signed between Portugal and Spain 1497 English King Henry vii funds the voyage of John Cabot 1504 Queen Isabella dies 1506 Columbus dies 1513 Vasco Nuñez de Balboa crosses the Isthmus of Panama and beholds the Pacific Ocean 1517 Martin Luther nails his Ninety-Five Theses to the church door in Wittenberg 1519 Ferdinand Magellan sets off to circumnavigate he world for Charles i of Spain — Hernán Cortés launches expedition to conquer Mexico 1521 Martin Luther excommunicated 1523 Pedro de Alvarado subjugates the Mayans in the Yucatán 1524 Badajoz Conference to determine the Tordesillas Line in the Pacific 1529 Treaty of Zaragoza; Spain cedes the Spice Islands to Portugal 1533 Francisco Pizarro conquers the Inca Empire 1537 Pope John ii rescinds the papacy's support of slavery 1558 Elizabeth becomes queen of England 1562 Sir John Hawkins and the first English privateering voyage to the Caribbean 1565 Andrés de Urdaneta pioneers the Pacific route from Manila to Acapulco 1568 Inquisition declares the three million people of the United Provinces, who have strongly embraced Calvinism, to be heretics and condemned to death 1571 Battle of Lepanto; destruction of Ottoman naval power in the Mediterranean 1570s—1580s English privateers inspired by the famous voyages of Sir Francis Drake 1581 Philip II of Spain becomes king of Portugal, uniting the countries and creating a near-monopoly on oceanic trade from Europe 1583 Hugo Grotius, “the Father of International Law,” born in Delft 1588 Spanish Armada fails to conquer England 1600 English East India Company founded 1602 Dutch East India Company founded; Amsterdam stock exchange founded to deal in the company's stocks and bonds — The Portuguese ship Santa Catarina captured by a Dutch privateer 1609 Henry Hudson sails up the Hudson River for the Dutch East India Company — Hugo Grotius anonymously publishes Mare Liberum, “The Free Sea” 1610 Vatican places Mare Liberum on its Index of prohibited and banned books 1613 Scottish challenge to Mare Liberum by William Welwood: Abridgement of All Sea-Lawes 1618 John Selden writes Mare Clausum 1618—1648 Thirty Years War devastates central Europe 1620 Mayflower pilgrims arrive at Cape Cod and Plymouth Rock 1623 Dutch East India Company employees kill English East India Company employees during the Massacre of Amboyna 1625 Seraphim de Freitas publishes Imperio Lusitanorum Asiatico to challenge Grotius 1655 English forces capture Jamaica and turn it into a buccaneer haven 1670 In the American Treaty, Spain recognizes the legitimacy of the British colonies in North America 1702 Cornelius Bynkershoek publishes De Domino Maris, establishing the concept of territorial waters and the cannon shot rule 1750 Treaty of Madrid between Spain and Portugal recognizes Portuguese sovereignty over Brazil and effectively annuls the Treaty of Tordesillas 1757 The Battle of Plassey; English East India Company rule in India begins 1768—1761 Lieutenant James Cook leads his first voyage of discovery in the Pacific 1775—1783 The American War of Independence 1776 Adam Smith publishes The Wealth of Nations 1994 United Nations Convention on the Law of the Sea { acknowledgements } TURNING A manuscript into a beautiful book is not a lone endeavour.

pages: 161 words: 37,042

Viruses: A Very Short Introduction (Very Short Introductions) by Crawford, Dorothy H.

clean water, coronavirus, discovery of penicillin, Francisco Pizarro, hygiene hypothesis, Louis Pasteur, megacity, Nelson Mandela, stem cell

Whole tribes were wiped out, and the population dropped by 90% over the following 120 years. When the Spanish invaders arrived, the Aztecs in Mexico and the Incas in Peru each had a population of 20 to 30 million, with massive armies. Nevertheless, in 1521 Hernando Cortés defeated the Aztecs with around 600 soldiers, and Francisco Pizarro similarly conquered the Incas with just 200 men in 1532. Both men were aided by smallpox, possibly combined with other microbes, that concomitantly killed up to half the population, leaving the survivors so confused and demoralized that the Spanish invaders had easy victories. Plant viruses have also had their moments of glory, and one such occurred during the 17th century when ‘tulipmania’ hit Holland.

pages: 471 words: 124,585

The Ascent of Money: A Financial History of the World by Niall Ferguson

Admiral Zheng, Andrei Shleifer, Asian financial crisis, asset allocation, asset-backed security, Atahualpa, bank run, banking crisis, banks create money, Bear Stearns, Black Swan, Black-Scholes formula, Bonfire of the Vanities, Bretton Woods, BRICs, British Empire, business cycle, capital asset pricing model, capital controls, Carmen Reinhart, Cass Sunstein, central bank independence, collateralized debt obligation, colonial exploitation, commoditize, Corn Laws, corporate governance, creative destruction, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, currency manipulation / currency intervention, currency peg, Daniel Kahneman / Amos Tversky, deglobalization, diversification, diversified portfolio, double entry bookkeeping, Edmond Halley, Edward Glaeser, Edward Lloyd's coffeehouse, financial innovation, financial intermediation, fixed income, floating exchange rates, Fractional reserve banking, Francisco Pizarro, full employment, German hyperinflation, Hernando de Soto, high net worth, hindsight bias, Home mortgage interest deduction, Hyman Minsky, income inequality, information asymmetry, interest rate swap, Intergovernmental Panel on Climate Change (IPCC), Isaac Newton, iterative process, James Carville said: "I would like to be reincarnated as the bond market. You can intimidate everybody.", John Meriwether, joint-stock company, joint-stock limited liability company, Joseph Schumpeter, Kenneth Arrow, Kenneth Rogoff, knowledge economy, labour mobility, Landlord’s Game, liberal capitalism, London Interbank Offered Rate, Long Term Capital Management, market bubble, market fundamentalism, means of production, Mikhail Gorbachev, Modern Monetary Theory, Money creation, money market fund, money: store of value / unit of account / medium of exchange, moral hazard, mortgage debt, mortgage tax deduction, Myron Scholes, Naomi Klein, National Debt Clock, negative equity, Nelson Mandela, Nick Leeson, Northern Rock, Parag Khanna, pension reform, price anchoring, price stability, principal–agent problem, probability theory / Blaise Pascal / Pierre de Fermat, profit motive, quantitative hedge fund, RAND corporation, random walk, rent control, rent-seeking, reserve currency, Richard Thaler, risk free rate, Robert Shiller, Robert Shiller, Ronald Reagan, Savings and loan crisis, savings glut, seigniorage, short selling, Silicon Valley, South Sea Bubble, sovereign wealth fund, spice trade, stocks for the long run, structural adjustment programs, tail risk, technology bubble, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Bayes, Thomas Malthus, Thorstein Veblen, too big to fail, transaction costs, two and twenty, undersea cable, value at risk, Washington Consensus, Yom Kippur War

And, as under Communism, the economy depended on often harsh central planning and forced labour. In 1532, however, the Inca Empire was brought low by a man who, like Christopher Columbus, had come to the New World expressly to search for and monetize precious metal.c The illegitimate son of a Spanish colonel, Francisco Pizarro had crossed the Atlantic to seek his fortune in 1502.4 One of the first Europeans to traverse the isthmus of Panama to the Pacific, he led the first of three expeditions into Peru in 1524. The terrain was harsh, food scarce and the first indigenous peoples they encountered hostile. However, the welcome their second expedition received in the Tumbes region, where the inhabitants hailed them as the ‘children of the sun’, convinced Pizarro and his confederates to persist.

The passage was a translated extract from ‘Les Amis de Quatre Millions de Jeune Travailleurs’, Un Monde sans Argent: Le Communisme (Paris, 1975-6): 2 Indeed, Marx and Engels had themselves recommended not the abolition of money but ‘Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly’: clause 5 of The Communist Manifesto. 3 JuanForero,‘Amazonian Tribe Suddenly Leaves Jungle Home’, 11 May 2006: 4 Clifford Smyth, Francisco Pizarro and the Conquest of Peru (Whitefish, Montana, 2007 [1931]). 5 Michael Wood, Conquistadors (London, 2001), p. 128. 6 For a vivid account from the conquistadors’ vantage point, which makes it clear that gold was their prime motive, see the November 1533 letter from Hernando Pizarro to the Royal Audience of Santo Domingo, in Clements R.

pages: 218 words: 44,364

The Starfish and the Spider: The Unstoppable Power of Leaderless Organizations by Ori Brafman, Rod A. Beckstrom

Atahualpa, barriers to entry, Burning Man, creative destruction, disintermediation, experimental economics, Firefox, Francisco Pizarro, jimmy wales, Kibera, Lao Tzu, Network effects, peer-to-peer, pez dispenser, shareholder value, Silicon Valley, Skype, The Wisdom of Crowds, union organizing

Within eighty days, 240,000 inhabitants of the city starved to death. By 1521, just two years after Cortes first laid eyes on Tenochtitlan, the entire Aztec empire—a civilization that traced its roots to centuries before the time of Christ—had collapsed. The Aztecs weren't alone. A similar fate befell the Incas. The Spanish army, led by Francisco Pizarro, captured the Inca leader Atahuallpa in 1532. A year later, with all the Inca gold in hand, the Spanish executed Atahuallpa and appointed a puppet ruler. Again, the annihilation of an entire society took only two years. These monumental events eventually gave the Spanish control of the continent.

A Voyage Long and Strange: On the Trail of Vikings, Conquistadors, Lost Colonists, and Other Adventurers in Early America by Tony Horwitz

airport security, Atahualpa, back-to-the-land, Bartolomé de las Casas, Colonization of Mars, Columbian Exchange, dematerialisation, diversified portfolio, Francisco Pizarro, Hernando de Soto, illegal immigration, joint-stock company, out of africa, Ralph Waldo Emerson, trade route, urban renewal

Not until 1508 did colonists start exploiting nearby islands the Admiral had found—Puerto Rico, Jamaica, Cuba—where they repeated the grim cycle of subjugating natives and importing Africans when Indian labor gave out. Then, beginning in 1513, Spain’s small realm exploded out of the Caribbean. Vasco Núñez de Balboa reached the Pacific; Ferdinand Magellan crossed it, after rounding South America. Hernán Cortés conquered the Aztec of Mexico, Francisco Pizarro the Inca of Peru. By 1542, the fiftieth anniversary of Columbus’s first sail, Spain had laid claim—and often laid waste—to an empire larger than Rome’s at its peak. One engine behind this extraordinary conquest was Spain’s crusading zeal. The vanquishing of Muslim armies at home had infused Iberians with a confidence and fervor that spilled over to America.

The riches of the Aztec exceeded the wildest rumors that had circulated since Columbus’s landing in America. With a small but determined force, led by a hidalgo as bold and ruthless as Cortés, what fortunes remained to be found in lands the Spanish had not yet conquered? LIKE MOST AMERICANS, I’d learned a little about Cortés in grade school, along with his most famous successor, Francisco Pizarro, the illiterate pig farmer who became conqueror of Peru. As a teenager, I listened to Neil Young wail “Cortez the Killer” and watched my loinclothed brother play a guard to the Inca emperor Atahualpa in The Royal Hunt of the Sun. But “conquistador” was a term I associated with Mexico and Peru.

Lonely Planet Panama (Travel Guide) by Lonely Planet, Carolyn McCarthy

California gold rush, carbon footprint, clean water, cognitive dissonance, Francisco Pizarro, Frank Gehry, Guggenheim Bilbao, land tenure, low cost airline, Panamax, post-Panamax, Ronald Reagan, sustainable-tourism, trade route, transcontinental railway, urban renewal, women in the workforce

Cerrito Tropical B&B $$ ( 390-8999;; d/apt incl breakfast from US$88/110; ) This smart Canadian and Dutch–owned B&B occupies a quiet nook atop a steep road. Rooms are stylish, some are more spacious and not all feature TVs. Meals ranging from burgers to seafood are available on a large shady deck until 8pm. Extras include BBQs and picnic lunches. To get here, go right uphill at the end of Calle Francisco Pizarro. It can also arrange tours such as fishing, hiking and whale-watching, and daytime packages with lunch and showers for nonguests. Zoraida’s Cool GUESTHOUSE $$ ( 6566-9250, 6471-1123; s/d/tr US$35/45/50) Overlooking the bay, this turquoise house is run by Rafael, the widow of Zoraida. Rooms are small and mattresses plastic-wrapped, but it’s the cheapest around.

After Panamá burnt to the ground, the Spanish rebuilt the city a few years later on a cape several kilometers west of its original site. The ruins of the old settlement, now known as Panamá Viejo, as well as the colonial city of Casco Viejo, are both located within the city limits of present-day Panama City. The famous crossing of the isthmus included 1000 indigenous slaves and 190 Spaniards, including Francisco Pizarro, who would later conquer Peru. Of course, British privateering didn’t cease with the destruction of Panamá. In 1739 the final nail in the coffin was hammered in when Admiral Edward Vernon destroyed the fortress of Portobelo. Humiliated by their defeat and robbed of one of their greatest defenses, the Spanish abandoned the Panamanian crossing in favor of sailing the long way around Cape Horn to the western coast of South America.

pages: 474 words: 149,248

The Blood of Heroes: The 13-Day Struggle for the Alamo--And the Sacrifice That Forged a Nation by James Donovan

active measures, colonial rule, El Camino Real, financial independence, Francisco Pizarro, Hernando de Soto, illegal immigration, invention of gunpowder

TWO “O! He Has Gone to Texas” A vast howling Wilderness of wild things, wild cattle wild Horses wild Beasts and Birds, and wild Men savages hostile in the extreme… JAMES HATCH, Lest We Forget the Heroes of the Alamo The very earliest explorers—Spanish conquistadors such as Hernán Cortés, Francisco Pizarro, and Francisco Vásquez de Coronado—marched deep into the heart of the wilderness in search of gold and other precious minerals. The kingdom of Gran Quivira, where everyone ate from dishes and bowls of gold… the Seven Hills of the Aijados, where gold was even more plentiful… the Sierra de la Plata, or the Silver Mountain—all these had lured men seeking fortunes.

As is abundantly evident from his actions and his dispatches—and his readings, from Porter’s The Scottish Chiefs to Scott’s Waverley novels—he possessed a taste for the romantic and a flair for the eloquently dramatic. The speech and the line would have been entirely in character—and not without precedent in history, from Francisco Pizarro to Ben Milam, who either drew a line in the dirt or asked his men to step across a line or path already there. As for Moses Rose, he did himself no favors with his story, since he knew others would view his actions as cowardly. It would have made much more sense to either keep his existence in the Alamo quiet or to claim that he had been sent out from the fort as a scout or courier.

pages: 789 words: 207,744

The Patterning Instinct: A Cultural History of Humanity's Search for Meaning by Jeremy Lent

"Robert Solow", Admiral Zheng, agricultural Revolution, Albert Einstein, Alfred Russel Wallace, Atahualpa, Benoit Mandelbrot, Bretton Woods, British Empire, Buckminster Fuller, Capital in the Twenty-First Century by Thomas Piketty, cognitive dissonance, commoditize, complexity theory, conceptual framework, dematerialisation, demographic transition, different worldview, Doomsday Book,, European colonialism, failed state, Firefox, Francisco Pizarro, Garrett Hardin, Georg Cantor, happiness index / gross national happiness, hedonic treadmill, income inequality, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invention of gunpowder, invention of writing, Isaac Newton, Johann Wolfgang von Goethe, Johannes Kepler, Lao Tzu, Law of Accelerating Returns, mandelbrot fractal, mass immigration, megacity, Metcalfe's law, Mikhail Gorbachev, Nicholas Carr, Norbert Wiener, oil shale / tar sands, out of africa, peak oil, Pierre-Simon Laplace, QWERTY keyboard, Ray Kurzweil, Sapir-Whorf hypothesis, Scientific racism, scientific worldview, shareholder value, sharing economy, Silicon Valley, Simon Kuznets, social intelligence, South China Sea, Stephen Hawking, Steven Pinker, technological singularity, the scientific method, The Theory of the Leisure Class by Thorstein Veblen, theory of mind, Thomas Kuhn: the structure of scientific revolutions, Thomas Malthus, Thorstein Veblen, Tragedy of the Commons, Turing test, ultimatum game, urban sprawl, Vernor Vinge, wikimedia commons

History, as the saying goes, is the story told by the victors, and the same holds true for cosmologies. At the birth of Neo-Confucianism, the glorious Song capital of Kaifeng had a population thirty times greater than London's. By the time of Wang Yang-ming's death in 1529, the tables were turning. That year, the Spaniard Francisco Pizarro was appointed governor of the New World territory of Peru. The Muslim incursion of Europe reached its high-water mark with a failed siege of Vienna, the beginning of a seismic shift in the balance of power between the two great monotheistic creeds. At the Diet of Speyer, a group of German rulers kicked off the Protestant movement that would shake up the Catholic hegemony over Christendom.

With fifty men we could subjugate them all and make them do whatever we want.”36 Within a few short years, these musings of power and exploitation would come true beyond Columbus's wildest dreams. Some of the most astonishing stories in history recount the way the greatest empires of the New World—the Aztecs and the Incas—were laid waste by two small bands of Spanish explorers led respectively by Hernando Cortés and Francisco Pizarro. When Cortés first arrived at the gates of the Aztec capital of Tenochtitlán in 1519 with fewer than a thousand Spanish soldiers, his entire group could have been wiped out by the Aztecs, whose formidable warriors firmly controlled the central region of Mexico. Instead, they were welcomed in friendship and invited into the city to join a festive celebration.

pages: 273 words: 83,186

The botany of desire: a plant's-eye view of the world by Michael Pollan

back-to-the-land, clean water, David Attenborough, double entry bookkeeping, double helix, Francisco Pizarro, invention of agriculture, Joseph Schumpeter, mandatory minimum, Maui Hawaii, means of production, paper trading, Ralph Waldo Emerson, Steven Pinker

The genetic diversity cultivated by the Incas and their descendants is an extraordinary cultural achievement and a gift of incalculable value to the rest of the world. A free and unencumbered gift, one might add, quite unlike my patented and trademarked NewLeafs. “Intellectual property” is a recent, Western concept that means nothing to a Peruvian farmer, then or now.* Of course, Francisco Pizarro was looking for neither plants nor intellectual property when he conquered the Incas; he had eyes only for gold. None of the conquistadores could have imagined it, but the funny-looking tubers they encountered high in the Andes would prove to be the single most important treasure they would bring back from the New World

pages: 339 words: 83,725

Fodor's Madrid and Side Trips by Fodor's

Atahualpa, call centre, Francisco Pizarro, glass ceiling, Isaac Newton, low cost airline, Pepto Bismol, traffic fines, young professional

With its poor soil and minimal industry, Extremadura never experienced the kind of modern economic development typical of other parts of Spain, but no other place in Spain has as many Roman monuments as Mérida, capital of the vast Roman province of Lusitania, which included most of the western half of the Iberian Peninsula. Mérida guarded the Vía de la Plata, the major Roman highway that crossed Extremadura from north to south, connecting Gijón with Seville. The economy and the arts declined after the Romans left, but the region revived in the 16th century, when explorers and conquerors of the New World—from Francisco Pizarro and Hernán Cortés to Francisco de Orellana, first navigator of the Amazon—returned to their birthplace. These men built the magnificent palaces that now glorify towns such as Cáceres and Trujillo, and they turned the remote monastery of Guadalupe into one of the great artistic repositories of Spain.

pages: 324 words: 80,217

The Decadent Society: How We Became the Victims of Our Own Success by Ross Douthat

Affordable Care Act / Obamacare, AI winter, Bernie Sanders, bitcoin, Burning Man, Capital in the Twenty-First Century by Thomas Piketty, centre right, charter city, crack epidemic, crowdsourcing, David Graeber, Deng Xiaoping, Donald Trump, East Village, Elon Musk, Flynn Effect, Francis Fukuyama: the end of history, Francisco Pizarro, ghettoisation, gig economy, Haight Ashbury, helicopter parent, hive mind, Hyperloop, immigration reform, informal economy, Intergovernmental Panel on Climate Change (IPCC), Islamic Golden Age, Jeff Bezos, Joan Didion, Kevin Kelly, Kickstarter, knowledge worker, life extension, mass immigration, mass incarceration, means of production, megacity, microaggression, move fast and break things, move fast and break things, multiplanetary species, New Journalism, Nicholas Carr, Norman Mailer, obamacare, Oculus Rift, open borders, out of africa, Panopticon Jeremy Bentham, Peter Thiel, Plutocrats, plutocrats, pre–internet, QAnon, quantitative easing, rent-seeking, Robert Bork, Robert Gordon, Ronald Reagan, secular stagnation, self-driving car, Silicon Valley, Silicon Valley ideology, Snapchat, social web, Steve Bannon, Steve Jobs, Steven Pinker, technoutopianism, the built environment, The Rise and Fall of American Growth, Tyler Cowen: Great Stagnation, wage slave, WeWork, women in the workforce, Y2K

Since we know that the Spanish are lurking just offstage, this portrait of Mesoamerica before the fall fits the epigraph that Gibson gives the film, a line from the historian Will Durant: “A great civilization is not conquered from without until it has destroyed itself from within.” The movie is great, but the epigraph is wrong, and the real history of pre-Columbian America is a counterpoint rather than an example of Durant’s claim. There were problems in the great Native empires, of course, weaknesses and corruptions and internal divisions that Hernán Cortés and Francisco Pizarro were able to exploit. But there is no certain proof that the Aztec or Inca empires were at maximally decadent phases of their existence overall, no sense that the fall of either Montezuma or the Great Inca was somehow predictable given just the evidence of what was happening within their pre-Columbian domains.

pages: 740 words: 217,139

The Origins of Political Order: From Prehuman Times to the French Revolution by Francis Fukuyama

Admiral Zheng, agricultural Revolution, Andrei Shleifer, Asian financial crisis, Ayatollah Khomeini, barriers to entry, Berlin Wall, blood diamonds, California gold rush, cognitive dissonance, colonial rule, conceptual framework, correlation does not imply causation, currency manipulation / currency intervention, demographic transition, Deng Xiaoping, double entry bookkeeping, endogenous growth, equal pay for equal work, European colonialism, failed state, Fall of the Berlin Wall, Francis Fukuyama: the end of history, Francisco Pizarro, Garrett Hardin, Hernando de Soto, hiring and firing, invention of agriculture, invention of the printing press, Khyber Pass, land reform, land tenure, means of production, offshore financial centre, out of africa, Peace of Westphalia, principal–agent problem, RAND corporation, rent-seeking, Right to Buy, Scramble for Africa, selective serotonin reuptake inhibitor (SSRI), spice trade, Stephen Hawking, Steven Pinker, the scientific method, The Wealth of Nations by Adam Smith, Thomas L Friedman, Thomas Malthus, trade route, Tragedy of the Commons, transaction costs, Washington Consensus, zero-sum game

Cortés began his conquest of Mexico in 1519, the year before the outbreak of the great comunero revolt; as a result of the outcome of that struggle, the political institutions transferred to the Americas would not include a strong Cortes or other types of representative bodies. The only early bid for political independence was the revolt of Francisco Pizarro’s brother Gonzalo, who tried to set himself up as an independent king of Peru. He was defeated and executed by royal troops in 1548, and no further challenges to central authority from the New World Spaniards occurred until the wars of independence of the early nineteenth century. The Spanish authorities did transfer their Roman legal system, establishing high courts or audiencias in ten places, including Santo Domingo, Mexico, Peru, Guatemala, and Bogotá.

North Korea Northrup, Linda Norway Novgorod, republic of Nubia Nuer Nueva Recopilacion Oceania Ogedei, Great Khan Old Regime and the Revolution, The (Tocqueville) oligarchy; in China; in England; in France; in Hungary; in Mexico; in Spain; in United States Olson, Mancur On the Origin of Species (Darwin) Orange Revolution Organization for Economic Cooperation and Development Oriental despotism Orthodox Christianity, see Eastern church Osman Ostrom, Elinor Ottoman Empire; agrarian society in; census in; corruption in; decay of; European wars of; Hungary conquered by; legacy of; Mamluk sultanate defeated by; military slavery in; rule of law in; Russia compared to; sanjaks of; state as governing institution in; sultan’s elite troops in, see Janissaries Oxford, University of Pakistan Paleolithic era Palestine Pandyas Papua New Guinea (PNG); Big Man in; tribal law in Paris, University of Park Chung Hee Parlement de Paris Parliament, English; in Civil War; Enclosure Movement of; solidarity in; taxation and Parliament, Indian Parsons, Talcott Partido Justicialista, Argentine Pascal, Blaise Paschal II, Pope Pashtuns Passover Patriarchal caliphate patrilineal societies; see also agnation patrimonialism; in Africa; in China ; in Catholic church; in England; feudalism and; in France; in Hungary; in India; in Latin America; in Mamluk sultanate; of Mauryas; in Ottoman Empire; in Prussia; in Russia; in Spain; see also repatrimonialization patronage; Catholic church and; in China; in England; in India; in Mexico; in Russia; in United States Pauite Indians Paulet, Charles peasants; in China ; in Denmark; in England; in feudal and early modern Europe; in France; in Hungary; in India; in Mamluk state; in Ottoman Empire; in Russia; in Scandinavia; uprisings of; see also serfdom People’s Liberation Army, Sudan People’s Republic of China; collectivization in; corruption in; Cultural Revolution in; economic growth of; legal system in; progressive radicalization in Pepys, Samuel Péron, Juan Perry, Commodore Matthew Persia; absolutism in; in Ghaznavid empire; Indo-Aryan tribes in; in Mauryan empire; patrimonialism in; under Safavids Peru Peter I (the Great), Tsar of Russia Philip II, King of Spain Philip III, King of Spain Philip IV, King of Spain Philippines Pinker, Steven Pinochet, Augusto Pipes, Daniel Pirenne, Henri Pizarro, Francisco Pizarro, Gonzalo plagues Plato Poitiers, Battle of Poland Political Order in Changing Societies (Huntington) Pollock, Frederick Pompey Pontchartrain, Louis Phélypeaux, comte de Pool, Ithiel de Sola Portugal Praetorian Guards Prince, The (Machiavelli) Pritchett, Lant private property; agriculture and; in communist theory; kinship and; offices as; tragedy of the commons and; see also property rights property rights; in China, in China; in England; in France; intellectual; in Malthusian economy; in Mexico; in Muslim world; in Spain; rule of law and; in Russia Protestant Ethic and the Spirit of Capitalism, The (Weber) Protestantism; see also Reformation Prozac Prussia; rule of law in; serfdom in Pueblo Indians Puritans Putin, Vladimir Qadisiyyah, Battle of Qaim, Caliph al- Qalawun, Sultan Qansuh al-Ghawri, Sultan Qiang tribe Qin, state of; kinship in; military success of; Shang Yang’s reforms in; see also Qin dynasty Qin Dynasty; common culture developed by; Confucian resistance to; Great Wall of; Legalism of; repatrimonialization following; unification of China under 144 Qing Dynasty Qin Shi Huangdi qiu system Quakers Quraysh tribe Rajasthan, gana-sangha chiefdoms of Rajputs Reagan, Ronald Rectification of Names Red Eyebrows uprising Red Turban uprising Reformation; in Denmark; invention of printing press and; rule of law and; Russia insulated from; Weber on economic framework based in Religion of China (Weber) Renaissance repatrimonialization Republic, The (Plato) republicanism, classical Republican Party, U.S.

pages: 342 words: 88,736

The Big Ratchet: How Humanity Thrives in the Face of Natural Crisis by Ruth Defries

agricultural Revolution, Columbian Exchange, demographic transition, double helix, European colonialism, food miles, Francisco Pizarro, Haber-Bosch Process, Intergovernmental Panel on Climate Change (IPCC), Internet Archive, John Snow's cholera map, out of africa, planetary scale, premature optimization, profit motive, Ralph Waldo Emerson, social intelligence, Thomas Malthus, trade route, transatlantic slave trade

These engines of the trade winds are sometimes called the Hadley cells, a name honoring the English amateur meteorologist George Hadley, who noted the link between the rotating Earth and the trade routes of his era in 1735. The trade winds carried Columbus westward, where he landed in the Bahamas in October 1492. He returned via the northward loop of a Hadley cell that blows winds eastward toward Europe. The New World that Columbus opened to other conquistadors and explorers—Hernando Cortés, Francisco Pizarro, and Vasco Nuñez de Balboa—during the wind-powered Age of Discovery had little resemblance to the Old World. Reconstruction of Columbus’s diaries note his observation that “all the trees are as different from ours as day from night; and also the fruits and grasses and stones and everything.” This difference was not to last.

pages: 329 words: 94,960

Down in the Bottomlands by Harry Turtledove, Lyon Sprague de Camp

Francisco Pizarro

The Son of the Sun and his kin worship one square over, in the plaza called Awkaipata. There you would see gold and silver used in a truly lavish way." "This is lavish enough for me," Park muttered. Just one link of that chain, he thought, and he wouldn't have to worry about money for the rest of his life. For the first time, he understood what Francisco Pizarro must have felt when he plundered the wealth of the Incas back in Park's original world. He'd always thought Pizarro the champion bandit of all time, but the sight of so much gold lying around loose would have made anyone start breathing hard. Several men strode out onto a raised platform at the front of the square.

pages: 334 words: 100,201

Origin Story: A Big History of Everything by David Christian

Albert Einstein, Arthur Eddington, butterfly effect, Capital in the Twenty-First Century by Thomas Piketty, Cepheid variable, colonial rule, Colonization of Mars, Columbian Exchange, complexity theory, cosmic microwave background, cosmological constant, creative destruction, cuban missile crisis, dark matter, demographic transition, double helix, Edward Lorenz: Chaos theory, Ernest Rutherford, European colonialism, Francisco Pizarro, Haber-Bosch Process, Harvard Computers: women astronomers, Isaac Newton, James Watt: steam engine, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kickstarter, Kim Stanley Robinson, Marshall McLuhan, microbiome, nuclear winter, planetary scale, rising living standards, Search for Extraterrestrial Intelligence, Stephen Hawking, Steven Pinker, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, trade route, Yogi Berra

Within fifty years of Columbus’s first voyage, the Portuguese had used their armed caravels to build fortified strong points that bolted together a trading empire in the Indian Ocean. The risks for merchants and sailors were huge, but so were the potential profits. In the Americas, Spanish conquistadores, such as Hernán Cortés and Francisco Pizarro, seized control of the rich civilizations of the Aztecs and Incas. They did so with tiny armies that exploited political divisions within both empires. But they were assisted by the devastating impact of European diseases such as smallpox that may have killed up to 80 percent of the population in America’s major empires and ruined ancient social structures and traditions.

Pale Rider: The Spanish Flu of 1918 and How It Changed the World by Laura Spinney

Albert Einstein, British Empire, colonial rule, dark matter, Donald Trump, Downton Abbey, experimental subject, Francisco Pizarro, global pandemic, Hernando de Soto, invisible hand, John Snow's cholera map, Louis Pasteur, Mahatma Gandhi, Nelson Mandela, placebo effect, trade route, urban renewal

Finding that the world grew cooler in the late Roman era, for example, they suggest that the Plague of Justinian–a pandemic of bubonic plague that killed approximately 25 million people in Europe and Asia in the sixth century AD–led to vast tracts of farmland being abandoned and forests growing back. Trees extract carbon dioxide from the atmosphere, and this reforestation led to so much of the gas being sequestered in wood that the earth cooled (the opposite of the greenhouse effect we are witnessing today). Similarly, the massive waves of death that Cortés, Francisco Pizarro (who conquered the Inca Empire in Peru) and Hernando de Soto (who led the first European expedition into what is now the United States) unleashed in the Americas in the sixteenth century caused a population crash that may have ushered in the Little Ice Age.6 The effect wasn’t reversed until the nineteenth century, when more Europeans arrived and began to clear the land again.

Spain by Lonely Planet Publications, Damien Simonis

Atahualpa, business process, call centre, centre right, Colonization of Mars, discovery of the americas, Francisco Pizarro, Frank Gehry, G4S, glass ceiling, Guggenheim Bilbao, haute couture, haute cuisine, illegal immigration, intermodal, Islamic Golden Age, land reform, large denomination, low cost airline, place-making, Skype, trade route, upwardly mobile, urban planning, urban renewal, urban sprawl, Winter of Discontent, young professional

Three more voyages saw him founding the city of Santo Domingo on Hispaniola, finding Jamaica, Trinidad and other Caribbean islands, and reaching the mouth of the Orinoco and the coast of Central America, but he died impoverished in Valladolid in 1506, still believing he had reached Asia. Brilliant but ruthless conquistadors followed Columbus’ trail, seizing vast tracts of the American mainland for Spain. Between 1519 and 1521 Hernán Cortés conquered the fearsome Aztec empire with a small band of adventurers. Between 1531 and 1533 Francisco Pizarro did the same to the Inca empire, and by 1600 Spain controlled Florida, all the biggest Caribbean islands, nearly all of present-day Mexico and Central America, and a large strip of South America. The new colonies sent huge cargoes of silver, gold and other riches back to Spain, where the crown was entitled to one-fifth of the bullion (the quinto real, or royal fifth).

The square is surrounded by baroque and Renaissance stone buildings topped with a skyline of towers, turrets, cupolas, crenulations and nesting storks. Stretching beyond the square the illusion continues with a labyrinth of mansions, leafy courtyards, fruit gardens, churches and convents; Trujillo truly is one of the most captivating small towns in Spain. The town came into its own only with the conquest of the Americas. Then, Francisco Pizarro and his co-conquistadors enriched the city with a grand new square and imposing Renaissance mansions that look down confidently upon the town today. Information Ciberalia (927 65 90 87; Calle de Tiendas 18; per hr €2; 11am-midnight) Internet access. Post office (Calle de la Encarnación 28) Tourist office (927 32 26 77; in Spanish; Plaza Mayor s/n; 10am-2pm & 4-7pm Oct-May, 10am-2pm & 5-8pm Jun-Sep) Sights PLAZA MAYOR There are a handful of feeble museums in Trujillo.

It also has tombs of leading Trujillo families of the Middle Ages, including that of Diego García de Paredes (1466–1530), a Trujillo warrior of legendary strength who, according to Cervantes, could stop a mill wheel with one finger. The church’s magnificent altarpiece includes 25 brilliantly coloured 15th-century paintings in the Flemish style. Cheese-and-wine aficionados may enjoy the Museo de Queso y el Vino (927 32 30 31; Calle Francisco Pizarro s/n; admission €2.30) where you can have a taster of both and take a look at the informative display (in Spanish) of wine and cheese in Spain. Set in this fine old former convent, the 4m three-dimensional picture of a jolly Don Quijote is the stunning work of local artist Francisco Blanco. At the top of the hill Trujillo’s castle (927 32 26 77; Calle del Convento de las Jerónimas 12; ) of 10th-century Muslim origin (evident by the horseshoe-arch gateway just inside the main entrance) and later strengthened by the Christians, is impressive, although bare but for a lone fig tree.

Lonely Planet's Best of USA by Lonely Planet

Affordable Care Act / Obamacare, Airbnb, Bay Area Rapid Transit, Berlin Wall, big-box store, Burning Man, car-free, carbon footprint, Charles Lindbergh, East Village, Fall of the Berlin Wall, Francisco Pizarro, Frank Gehry, Golden Gate Park, haute cuisine, mass immigration, obamacare, ride hailing / ride sharing, Ronald Reagan, Rosa Parks, Silicon Valley, South of Market, San Francisco, the High Line, the payments system, transcontinental railway, upwardly mobile, urban planning, urban renewal, Works Progress Administration

Plaque commemorating the Declaration of Independence / RICHARD CUMMINS / GETTY IMAGES © Enter the Europeans In 1492 the Italian explorer Christopher Columbus, backed by the monarchy of Spain, voyaged west by sea, looking for the East Indies. With visions of gold, Spanish explorers quickly followed: Hernán Cortés conquered much of today’s Mexico; Francisco Pizarro conquered Peru; Juan Ponce de León wandered through Florida looking for the fountain of youth. Not to be left out, the French explored Canada and the Midwest, while the Dutch and English cruised North America’s eastern seaboard. Of course, they weren’t the first ones on the continent. When Europeans arrived, between two million and 18 million Native American people occupied the lands north of present-day Mexico and spoke more than 300 languages.

pages: 480 words: 112,463

The Golden Thread: How Fabric Changed History by Kassia St Clair

barriers to entry, bitcoin, blockchain, butterfly effect, Dmitri Mendeleev, Elon Musk, Francisco Pizarro, gender pay gap, ghettoisation, gravity well, Jacquard loom, James Hargreaves, Joseph-Marie Jacquard, Kickstarter, out of africa, Rana Plaza, Silicon Valley, Silicon Valley startup, Skype, spinning jenny, trade route, transatlantic slave trade, Works Progress Administration

One of the reasons why Christopher Columbus was so convinced that he had reached India in 1492 when he was, in fact, in the Caribbean, was that the islands were filled with cotton shrubs. On his first encounter with Arawak men and women, he wrote in his log that: ‘They brought us parrots and balls of cotton and spears and many other things.’ Francisco Pizarro too, when he reached the Inca Empire in what is now Peru in 1532, was impressed by the quality of textiles they produced, remarking that they were: ‘far superior to any they had seen, for fineness of texture, and the skill with which various colours were blended’.35 As elsewhere, however, up until the late eighteenth century, cotton remained one of many crops grown on a relatively small scale.

pages: 356 words: 105,533

Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market by Scott Patterson

algorithmic trading, automated trading system, banking crisis, bash_history, Bear Stearns, Bernie Madoff, butterfly effect, buttonwood tree, buy and hold, Chuck Templeton: OpenTable:, cloud computing, collapse of Lehman Brothers, computerized trading, creative destruction, Donald Trump, fixed income, Flash crash, Francisco Pizarro, Gordon Gekko, Hibernia Atlantic: Project Express, High speed trading, Joseph Schumpeter, latency arbitrage, Long Term Capital Management, Mark Zuckerberg, market design, market microstructure, pattern recognition,, Ponzi scheme, popular electronics, prediction markets, quantitative hedge fund, Ray Kurzweil, Renaissance Technologies, Sergey Aleynikov, Small Order Execution System, South China Sea, Spread Networks laid a new fibre optics cable between New York and Chicago, stealth mode startup, stochastic process, Tragedy of the Commons, transaction costs, Watson beat the top human players on Jeopardy!, zero-sum game

It all went back to the eighteenth century, when the Spanish dollar, buoyed by conquests in the Americas, served as the world’s currency. Spanish merchants often sliced up doubloons into eight pieces as forms of payment—so-called pieces of eight. Hence, U.S. stock prices traded in eighth-of-a-dollar slices because conquistadors such as Hernando Cortés and Francisco Pizarro hacked their way across North and South America centuries before. Levine thought the convention was not only antiquated, it was outright theft. It made spreads artificially wide, handing outsize profits to market makers and specialists. It was as if a car dealer who bought a Mustang from Ford for $30,000 could only resell it for $35,000.

pages: 332 words: 106,197

The Divide: A Brief Guide to Global Inequality and Its Solutions by Jason Hickel

Andrei Shleifer, Asian financial crisis, Atahualpa, Bartolomé de las Casas, Bernie Sanders, Bob Geldof, Bretton Woods, British Empire, Cape to Cairo, capital controls, carbon footprint, clean water, collective bargaining, colonial rule, David Attenborough, David Graeber, David Ricardo: comparative advantage, declining real wages, dematerialisation, Doha Development Round, Elon Musk, European colonialism, falling living standards, financial deregulation, Fractional reserve banking, Francisco Pizarro, full employment, Hans Rosling, happiness index / gross national happiness, Howard Zinn, income inequality, Intergovernmental Panel on Climate Change (IPCC), investor state dispute settlement, James Watt: steam engine, laissez-faire capitalism, land reform, land value tax, liberal capitalism, Live Aid, Mahatma Gandhi, Money creation, Monroe Doctrine, Mont Pelerin Society, moral hazard, Naomi Klein, Nelson Mandela, offshore financial centre, oil shale / tar sands, out of africa, Plutocrats, plutocrats, purchasing power parity, race to the bottom, rent control, road to serfdom, Ronald Reagan, Scramble for Africa, shareholder value, sharing economy, Silicon Valley, Simon Kuznets, structural adjustment programs, The Chicago School, The Spirit Level, trade route, transatlantic slave trade, transfer pricing, trickle-down economics, Washington Consensus, WikiLeaks, women in the workforce, Works Progress Administration

He proceeded with his march, destroying towns along the way and massacring their inhabitants in the squares, conquering by virtue of his superior weapons: cannons, crossbows and horses. When he arrived at Tenochtitlán, Emperor Montezuma welcomed him with marvellous gifts of gold and silver. Cortés imprisoned him in his own palace and took control of the city. By 1521, Montezuma had been killed and the capital plundered of its treasures. Francisco Pizarro, yet another Spanish conquistador, followed suit. In 1532 he was invited into the Inca capital in Peru by Emperor Atahuallpa, who – protected by an army of 80,000 men – did not consider Pizarro and his soldiers to be a threat. Yet Pizarro, enabled by his weapons, managed to sack the city and capture Atahuallpa.

pages: 384 words: 105,110

A Hunter-Gatherer's Guide to the 21st Century: Evolution and the Challenges of Modern Life by Heather Heying, Bret Weinstein

biofilm, Carrington event, cognitive dissonance, coherent worldview, conceptual framework, coronavirus, Covid-19, COVID-19, dark matter, delayed gratification, discovery of DNA, double helix, epigenetics, Francisco Pizarro, germ theory of disease, helicopter parent, hygiene hypothesis, meta-analysis, microbiome, Monkeys Reject Unequal Pay, phenotype, profit motive, Silicon Valley, Steven Pinker, the scientific method, theory of mind

When people from the Old World came across the Atlantic and landed in the New World, they may have at first imagined that they had stumbled upon a vast geographic frontier, but they hadn’t. In 1491, the New World is estimated to have had between fifty million and one hundred million people in it, with uncountable distinct cultures and languages. Some people were living in city-states, among astronomers, craftsmen, and scribes; others as hunter-gatherers.1 To Francisco Pizarro, the Inca Empire was a transfer of resource frontier. To the instigators of the rubber boom in western Amazonia at the end of the 19th century, the Zaparo territory was a transfer of resource frontier—and once the Zaparos were thus weakened, their longtime competitors, the Huaorani, moved in as well.2 In modern times, transfer of resource frontiers are everywhere: oil drilling, fracking, and logging in ancestral lands; predatory lending, as with subprime mortgages and much student debt; the Holocaust.

The Rough Guide to Chile by Melissa Graham, Andrew Benson

Atahualpa, California gold rush, call centre, centre right, cuban missile crisis, feminist movement, Francisco Pizarro, Murano, Venice glass, sensible shoes, sustainable-tourism, trade route, union organizing, women in the workforce

Dipping into Santiago’s vibrant theatre and music scene, getting a sense of its history in the city’s museums, and checking out its varied restaurants will really help you scratch beneath the surface and get the most out of your time in this kaleidoscopic country. The telephone code for Santiago is T 2. Telephone numbers that begin with 9 are mobile phones. When calling from a fixed line to a mobile, dial “09” plus the number. For mobile to mobile calls, begin with just “9”. For more telephone information see p.70. | Arrival Some seven years after Francisco Pizarro conquered Cuzco in Peru, he dispatched Pedro de Valdivia southwards to claim and settle more territory for the Spanish crown. After eleven months of travelling, Valdivia and his 150 men reached what he considered to be a suitable site for a new city, and, on February 12, 1541, officially founded “Santiago de la Nueva Extremadura”, wedged into a triangle of land bounded by the Río Mapocho to the north, its southern branch to the south and the rocky Santa Lucía hill to the east.

It gradually became apparent that the islands were not part of Asia, and that a giant landmass – indeed a whole continent – separated them from the East. After colonizing several other islands, the explorers and adventurers, backed by the Spanish Crown, turned their attention to the mainland, and the period of conquest began in earnest. In 1521 Hernán Cortés defeated the great Aztec Empire in Mexico and then in 1524 Francisco Pizarro and his partner Diego de Almagro set out to find the rich empire they had been told lay further south. After several failed attempts, they finally landed on the coast of Peru in 1532, where they found the great Inca Empire racked by civil war. Pizarro speedily conquered the empire, aided by advanced military weapons and tactics, the high morale of his men, their frenzied desire for gold and glory and, most significantly, the devastating effect of Old World diseases on the indigenous population.

Falling Behind: Explaining the Development Gap Between Latin America and the United States by Francis Fukuyama

Andrei Shleifer, Atahualpa, barriers to entry, Berlin Wall, British Empire, business climate, Cass Sunstein, central bank independence, collective bargaining, colonial rule, conceptual framework, creative destruction, crony capitalism, European colonialism, Fall of the Berlin Wall, first-past-the-post, Francis Fukuyama: the end of history, Francisco Pizarro, Hernando de Soto, income inequality, income per capita, land reform, land tenure, Monroe Doctrine, moral hazard, New Urbanism, oil shock, open economy, purchasing power parity, rent-seeking, Ronald Reagan, The Wealth of Nations by Adam Smith, total factor productivity, trade liberalization, transaction costs, upwardly mobile, Washington Consensus, zero-sum game

The colonial societies that emerged were authoritarian and concentrated political power in the hands of a small group of Spanish elites, who created a set of economic institutions designed to extract wealth from the indigenous population and a set of political institutions designed to consolidate their power. After Francisco Pizarro conquered the empire of Tawantinsuyu in Peru and Bolivia, and following the model developed a decade earlier in Mexico by Hernán Cortés, he imposed a series of institutions designed to extract rents from the newly conquered natives. The main institutions that eventually emerged were the encomienda (which gave Spanish conquistadores the right to native labor), the mita (a system of forced labor used in the mines and for public works), and the repartimiento (the forced sale of goods to the native people, typically at highly inflated prices).

pages: 434 words: 124,153

Tobacco: A Cultural History of How an Exotic Plant Seduced Civilization by Iain Gately

Albert Einstein, Bartolomé de las Casas, Berlin Wall, British Empire, business climate, Cape to Cairo, financial independence, Francisco Pizarro, Isaac Newton, Mikhail Gorbachev, Neil Kinnock, profit motive, surplus humans, the market place, The Wealth of Nations by Adam Smith, trade route, women in the workforce

Whilst other nations were making forays along the Atlantic coast of the New World, the Spaniards had discovered and subdued another empire equal in size and strength to that of the Aztecs. Their next victims, the Incas, occupied what is now Peru, and their domains were at their greatest in extent when the Spaniards arrived, although recently divided by a civil war. Francisco Pizarro, conqueror of the Incas, imitated his fellow countryman Cortés in seeking a meeting with the Inca ruler, took him hostage, then burned him at the stake in his own barracks. The Spaniards treated the Incas’ civilization in a similar manner to the Aztecs’. While they kept their roads they destroyed or depopulated the Incas’ cities, prohibited their religion and enslaved the remnants of their subjects.

pages: 483 words: 134,377

The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor by William Easterly

"Robert Solow", air freight, Andrei Shleifer, battle of ideas, Bretton Woods, British Empire, business process, business process outsourcing, Carmen Reinhart, clean water, colonial rule, correlation does not imply causation, creative destruction, Daniel Kahneman / Amos Tversky, Deng Xiaoping, desegregation, discovery of the americas, Edward Glaeser,, European colonialism, Francisco Pizarro, fundamental attribution error, germ theory of disease, greed is good, Gunnar Myrdal, income per capita, invisible hand, James Watt: steam engine, Jane Jacobs, John Snow's cholera map, Joseph Schumpeter, Kenneth Arrow, Kenneth Rogoff, M-Pesa, microcredit, Monroe Doctrine, oil shock, place-making, Ponzi scheme, risk/return, road to serfdom, Silicon Valley, Steve Jobs, The Death and Life of Great American Cities, The Wealth of Nations by Adam Smith, Thomas L Friedman, urban planning, urban renewal, Washington Consensus, WikiLeaks, World Values Survey, young professional

Chinese peasants were sufficiently nonstatic to introduce a new technology that increased the calories, vitamins, and nutrients produced by a given amount of land, thus sustaining a larger population for a given amount of land. The new technology was called the potato. The Spanish had borrowed the potato from the South American Andes (in what is now Colombia, Ecuador, Peru, and Chile) after the conquest by Francisco Pizarro in 1532, and other Europeans learned about it from the Spanish. Chinese farmers learned about the potato from Dutch traders in the 1600s. The potato made it possible for farmers to plant in mountainous areas previously unsuitable for agriculture. Chinese farmers also substituted the potato for other crops that produced less food value per hectare, like barley, oats, and wheat.

pages: 447 words: 141,811

Sapiens: A Brief History of Humankind by Yuval Noah Harari

Admiral Zheng, agricultural Revolution, Albert Einstein, Alfred Russel Wallace, Atahualpa, British Empire, cognitive dissonance, correlation does not imply causation, credit crunch, David Graeber, Edmond Halley, European colonialism, Francisco Pizarro, glass ceiling, global village, greed is good, income per capita, invention of gunpowder, Isaac Newton, joint-stock company, joint-stock limited liability company, Kickstarter, liberal capitalism, life extension, Mahatma Gandhi, megacity, Mikhail Gorbachev, out of africa, personalized medicine, Ponzi scheme, Silicon Valley, South China Sea, stem cell, Steven Pinker, The Wealth of Nations by Adam Smith, trade route, transatlantic slave trade, urban planning, zero-sum game

They immediately commenced explore-and-conquer operations in all directions. The previous rulers of Central America – the Aztecs, the Toltecs, the Maya – barely knew South America existed, and never made any attempt to subjugate it, over the course of 2,000 years. Yet within little more than ten years of the Spanish conquest of Mexico, Francisco Pizarro had discovered the Inca Empire in South America, vanquishing it in 1532. Had the Aztecs and Incas shown a bit more interest in the world surrounding them – and had they known what the Spaniards had done to their neighbours – they might have resisted the Spanish conquest more keenly and successfully.

The Great Turning: From Empire to Earth Community by David C. Korten

Albert Einstein, banks create money, big-box store, Bretton Woods, British Empire, business cycle, clean water, colonial rule, Community Supported Agriculture, death of newspapers, declining real wages, different worldview, European colonialism, Francisco Pizarro, full employment, George Gilder, global supply chain, global village, God and Mammon, Hernando de Soto, Howard Zinn, informal economy, Intergovernmental Panel on Climate Change (IPCC), invisible hand, joint-stock company, land reform, market bubble, market fundamentalism, Monroe Doctrine, Naomi Klein, neoliberal agenda, new economy, peak oil, planetary scale, Plutocrats, plutocrats, Project for a New American Century, Ronald Reagan, Rosa Parks, sexual politics, shared worldview, social intelligence, source of truth, South Sea Bubble, stem cell, structural adjustment programs, The Chicago School, trade route, Washington Consensus, wealth creators, World Values Survey

In search of a westward sea route to the riches of Asia, Christopher Columbus (1451–1506) landed on the island of Hispaniola (present-day Haiti and the Dominican Republic) in the West Indies in 1492 and claimed it for Spain. Hernando De Soto (1496–1542) made his initial mark trading slaves in Central America and later allied with Francisco Pizarro to take control of the Inca Empire based in Peru in 1532, the same year the Portuguese established their first settlement in Brazil. De Soto returned to Spain one of the wealthiest men of his time, although his share in the plunder was only half that of Pizarro.3 By 1521, Hernán Cortés had claimed the Mexican Empire of Montezuma for Spain.

The Old Patagonian Express by Paul Theroux

anti-communist, Atahualpa, David Ricardo: comparative advantage, Francisco Pizarro, Khyber Pass, Mahatma Gandhi, Maui Hawaii, place-making, Ralph Waldo Emerson, transcontinental railway

But I had the impression that Peruvian disgust was so keen that Paul Theroux The Old Patagonian Express, By Train Through the Americas Page 150 if it were to be combined with wealth the city of Lima would be destroyed and rebuilt to match the misguided modernity of Bogotá. I walked from the Cathedral (the mummy on view is not that of Francisco Pizarro: his skeleton has recently been found in a lead box in the crypt) to the University Park, and then made a circuit of the city, finally stopping at the Plaza Bolognesi where I sat and reflected on the melodrama of General Bolognesi's monument. It was the most bizarre statue I had seen so far.

pages: 490 words: 146,259

New World, Inc. by John Butman

Admiral Zheng, Atahualpa, Bartolomé de las Casas, British Empire, commoditize, currency manipulation / currency intervention, diversified portfolio, Etonian, Francisco Pizarro, Isaac Newton, joint-stock company, market design, Skype, spice trade, trade route, wikimedia commons

And yet, in the half century after Columbus’s first voyage, Spanish conquistadors had explored the West Indies for precious metals and found enough alluvial gold, first in Hispaniola and then in the surrounding islands, to persuade them to search the mainland. In 1518, Hernán Cortés, who first went to the West Indies in 1504, started to subjugate the Aztec empire in what is now Mexico, pillaging their stores of treasure. Francisco Pizarro pushed southward into the land of the Incas, largely with the goal of finding gold, and after garroting Atahualpa, the Incan emperor, in 1533, claimed sovereignty over that territory for Spain.29 To capitalize on the rich trove of precious metals they found in Mexico and South America, the Spanish established settlements and organized their newly claimed territory into three governmental regions, each ruled by a viceroy.

pages: 532 words: 162,509

The Other Slavery: The Uncovered Story of Indian Enslavement in America by Andrés Reséndez

Bartolomé de las Casas, British Empire, California gold rush, Columbian Exchange, Dissolution of the Soviet Union, European colonialism, Francisco Pizarro, Jones Act, planetary scale, Right to Buy, transatlantic slave trade, transcontinental railway, War on Poverty

He had to deal with irate slaveholders and decide the fates not only of Natives who won their cases but also, more dramatically, of those who lost. López could not have been more different from Las Casas in temperament and method. The licenciado had never set foot in the New World. He was married to a cousin of Francisco Pizarro, the conqueror of Peru. He was a legal scholar who felt more comfortable poring over the minutiae of legal cases than making grand pronouncements in public. Yet López, in his own quiet way, became the best hope for the enslaved Indians of Spain.7 The archives in Seville contain more than a hundred cases of Natives who had the courage to partner with Spanish attorneys and officials to sue their masters.

pages: 540 words: 168,921

The Relentless Revolution: A History of Capitalism by Joyce Appleby

1919 Motor Transport Corps convoy, agricultural Revolution, anti-communist, Asian financial crisis, asset-backed security, Bartolomé de las Casas, Bear Stearns, Bernie Madoff, Bretton Woods, BRICs, British Empire, call centre, Charles Lindbergh, collateralized debt obligation, collective bargaining, Columbian Exchange, commoditize, corporate governance, creative destruction, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, David Ricardo: comparative advantage, deindustrialization, Deng Xiaoping, deskilling, Doha Development Round, double entry bookkeeping, epigenetics, equal pay for equal work, European colonialism, facts on the ground, failed state, Firefox, fixed income, Ford paid five dollars a day, Francisco Pizarro, Frederick Winslow Taylor, full employment, Gordon Gekko, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, Hernando de Soto, hiring and firing, Ida Tarbell, illegal immigration, informal economy, interchangeable parts, interest rate swap, invention of movable type, invention of the printing press, invention of the steam engine, invisible hand, Isaac Newton, James Hargreaves, James Watt: steam engine, Jeff Bezos, joint-stock company, Joseph Schumpeter, knowledge economy, land reform, Livingstone, I presume, Long Term Capital Management, Mahatma Gandhi, Martin Wolf, moral hazard, Nixon triggered the end of the Bretton Woods system, Parag Khanna, Ponzi scheme, profit maximization, profit motive, race to the bottom, Ralph Nader, refrigerator car, Ronald Reagan, Scramble for Africa, Silicon Valley, Silicon Valley startup, South China Sea, South Sea Bubble, special economic zone, spice trade, spinning jenny, strikebreaker, the built environment, The Wealth of Nations by Adam Smith, Thomas L Friedman, Thorstein Veblen, total factor productivity, trade route, transatlantic slave trade, transcontinental railway, two and twenty, union organizing, Unsafe at Any Speed, Upton Sinclair, urban renewal, War on Poverty, working poor, Works Progress Administration, Yogi Berra, Yom Kippur War

On his return voyage after taking Ormuz in 1515, he died at sea. Commanders like Albuquerque had more in common with medieval Crusaders than modern merchants, as his sobriquet, “the Portuguese Mars,” suggests. The Spanish conquests had a similarly aristocratic and military cast. Ardent, fearless adventurers like Christopher Columbus, Hernando Cortés, Francisco Pizarro, Juan Ponce de León, and Ferdinand Magellan planted the Spanish flag from the Canaries to the Philippines. Blocked in their effort to reach the fabulous riches of the East by a westward route, the Spanish began to explore the land they had discovered. The Spanish crown moved in quickly after Columbus’s exploratory voyages to establish settlements throughout the Caribbean.

pages: 547 words: 172,226

Why Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoglu, James Robinson

"Robert Solow", Admiral Zheng, agricultural Revolution, Albert Einstein, Andrei Shleifer, Atahualpa, banking crisis, Bartolomé de las Casas, Berlin Wall, blood diamonds, BRICs, British Empire, central bank independence, clean water, collective bargaining, colonial rule, conceptual framework, Corn Laws, creative destruction, crony capitalism, Deng Xiaoping, desegregation, discovery of the americas,, European colonialism, failed state, Fall of the Berlin Wall, falling living standards, financial independence, financial innovation, financial intermediation, Francis Fukuyama: the end of history, Francisco Pizarro, full employment, household responsibility system, Ida Tarbell, income inequality, income per capita, indoor plumbing, invention of movable type, invisible hand, James Hargreaves, James Watt: steam engine, Jeff Bezos, joint-stock company, Joseph Schumpeter, Kickstarter, land reform, mass immigration, Mikhail Gorbachev, minimum wage unemployment, Mohammed Bouazizi, Paul Samuelson, price stability, profit motive, Rosa Parks, Scramble for Africa, Simon Kuznets, spice trade, spinning jenny, Steve Ballmer, Steve Jobs, trade liberalization, trade route, transatlantic slave trade, union organizing, upwardly mobile, Washington Consensus, working poor

FROM CAJAMARCA … The expeditions of de Solís, de Mendoza, and de Ayolas came in the wake of more famous ones that followed Christopher Columbus’s sighting of one of the islands of the Bahamas on October 12, 1492. Spanish expansion and colonization of the Americas began in earnest with the invasion of Mexico by Hernán Cortés in 1519, the expedition of Francisco Pizarro to Peru a decade and a half later, and the expedition of Pedro de Mendoza to the Río de la Plata just two years after that. Over the next century, Spain conquered and colonized most of central, western, and southern South America, while Portugal claimed Brazil to the east. The Spanish strategy of colonization was highly effective.

Lonely Planet Colombia (Travel Guide) by Lonely Planet, Alex Egerton, Tom Masters, Kevin Raub

airport security, call centre, car-free, carbon footprint, centre right, colonial rule, Columbian Exchange, Downton Abbey, El Camino Real, Francisco Pizarro, friendly fire, glass ceiling, haute couture, land reform, low cost airline, low cost carrier, race to the bottom, sustainable-tourism, urban sprawl

Of the three, Quesada got there first, crossing the Valle del Magdalena and Cordillera Oriental in 1537. At the time, the Muisca were divided into two rival clans – one ruled by the Zipa from Bacatá (present-day Bogotá), the other by Zaque in Hunza (present-day Tunja) – whose rivalry helped Quesada conquer both clans with only 200 men. Belalcázar, a deserter from Francisco Pizarro's Inca-conquering army, subdued the southern part of Colombia, founding Popayán and Cali. After crossing Los Llanos and the Andes, Federmann arrived in Bogotá shortly after Belalcázar. The three groups squabbled for supremacy until King Carlos V of Spain finally established a court of justice in Bogotá in 1550 and brought the colony under the control of the viceroyalty of Peru.

Lonely Planet Andalucia: Chapter From Spain Travel Guide by Lonely Planet

bike sharing scheme, British Empire, car-free, carbon footprint, centre right, credit crunch, discovery of the americas, Francisco Pizarro, haute cuisine, Kickstarter, Skype, trade route, urban renewal

The epic naval Battle of Trafalgar (1805) is named after a small headland in the town of Los Caños de Meca. A plaque commemorating those who died in the battle was finally erected there on the bicentenary in 2005. During the reign of Carlos I (r 1516–56), the first of Spain’s new Habsburg dynasty, the ruthless but brilliant conquerors Hernán Cortés and Francisco Pizarro subdued the Aztec and Inca empires respectively with small bands of adventurers, and other Spanish conquerors and colonists occupied vast tracts of the American mainland. The new colonies sent huge quantities of silver, gold and other treasure back to Spain, where the crown was entitled to one-fifth of the bullion (the quinto real, or royal fifth).

Central America by Carolyn McCarthy, Greg Benchwick, Joshua Samuel Brown, Alex Egerton, Matthew Firestone, Kevin Raub, Tom Spurling, Lucas Vidgen

airport security, Bartolomé de las Casas, California gold rush, call centre, centre right, clean water, cognitive dissonance, currency manipulation / currency intervention, digital map, Electric Kool-Aid Acid Test, failed state, Francisco Pizarro, Frank Gehry, haute cuisine, illegal immigration, Joan Didion, land reform, liberation theology, low cost airline, low cost carrier, Mahatma Gandhi, Monroe Doctrine, Ronald Reagan, Skype, sustainable-tourism, trade route, transcontinental railway, urban renewal, urban sprawl, women in the workforce

* * * The Spanish conquistadors – mostly poor, illiterate criminals sniffing out get-rich schemes – moved in independent factions, sometimes warring against each other. The first Spanish settlement in Central America was established in Panama in 1509, but further conquests were put on snooze. Instead, Panama served as a base for Francisco Pizarro’s takeover of the Inca Empire in Peru. Meanwhile, in February 1519, Hernán Cortés landed at the isle of Cozumel and led his savage attacks on Mexico to the north. Also in 1519 Pedro Arias de Ávila settled Panama City and began a bloody trip north while displaying incredible cruelty to the indigenous population.

Cerrito Tropical ( 390-8999;; d incl breakfast US$75, 2-person apt US$100-170; ) This smart Canadian-owned B&B occupies a quiet nook at the end of a steep road. Rooms are stylish but small, and have access to a large shady deck. Extras range from Spanish lessons to barbecues and picnic lunches. To arrive, go right uphill at the end of Calle Francisco Pizarro. Donde Pope Si Hay (mains US$4-7; 8am-8pm) A simple cement eatery serving fresh fish, green coconut water and patacones (fried plantains). Getting There & Away The scenic boat trip out to Isla Taboga is part of the island’s attraction. Barcos Calypso ( 314-1730; round trip US$11) has departures from Panama City at 8:30am and 3:00pm Monday and Friday, 8:30am on Tuesday and Thursday, and 8:30am, 10:30am and 4:00pm on weekends.

pages: 775 words: 208,604

The Great Leveler: Violence and the History of Inequality From the Stone Age to the Twenty-First Century by Walter Scheidel

agricultural Revolution, assortative mating, basic income, Berlin Wall, Bernie Sanders, Branko Milanovic, British Empire, capital controls, Capital in the Twenty-First Century by Thomas Piketty, collective bargaining, colonial rule, Columbian Exchange, conceptual framework, corporate governance, cosmological principle, crony capitalism, dark matter, declining real wages, demographic transition, Dissolution of the Soviet Union, Downton Abbey, Edward Glaeser, failed state, Fall of the Berlin Wall, financial deregulation, fixed income, Francisco Pizarro, full employment, Gini coefficient, global pandemic, hiring and firing, income inequality, John Markoff, knowledge worker, land reform, land tenure, low skilled workers, means of production, mega-rich, Network effects, nuclear winter, offshore financial centre, Plutocrats, plutocrats, race to the bottom, recommendation engine, rent control, rent-seeking, road to serfdom, Robert Gordon, Ronald Reagan, Second Machine Age, Simon Kuznets, The Future of Employment, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas Malthus, transaction costs, transatlantic slave trade, universal basic income, very high income, working-age population, zero-sum game

Later changes were limited to the top, most notably when Mexican independence in 1821 resulted in the ejection of Spanish hacendados and their replacement by local elites who largely preserved existing institutions. Landownership became even more concentrated during the nineteenth century, leading up to the revolution described in chapter 8.33 Much the same happened in Peru, where the Inca empire had likewise granted land and revenue to elite families and high officials. Francisco Pizarro and his officers were given the first encomiendas, and he himself claimed the right to assign land and control over its cultivators. Large tracts of land were awarded in this peremptory manner, and local residents were moved to the mines, both in contravention of royal injunctions. Some redistribution occurred only when Pizarro’s resistance to imposing caps of land grants goaded him into an unsuccessful rebellion.

pages: 650 words: 203,191

After Tamerlane: The Global History of Empire Since 1405 by John Darwin

agricultural Revolution, Atahualpa, Berlin Wall, Bretton Woods, British Empire, Cape to Cairo, colonial rule, Columbian Exchange, cuban missile crisis, deglobalization, deindustrialization, European colonialism, failed state, Francisco Pizarro, invisible hand, Isaac Newton, joint-stock company, Khartoum Gordon, laissez-faire capitalism, land reform, Mahatma Gandhi, Malacca Straits, mutually assured destruction, new economy, New Urbanism, oil shock, open economy, price mechanism, reserve currency, Ronald Reagan, Scramble for Africa, South China Sea, South Sea Bubble, spice trade, The Wealth of Nations by Adam Smith, trade route, transaction costs, transatlantic slave trade

The wealth that it yielded and the conscription of labour under the mit’a system enabled the Incas to construct a remarkable network of roads, fortresses, magazines, bridges, terraces and irrigation works, as well as a magnificent imperial capital at Cuzco with a population of between 100,000 and 300,000 people.18 This was the empire that Francisco Pizarro entered in 1532 with 167 followers – the ‘Men of Cajamarca’. Like some of the later entradas into Central America, Pizarro’s expedition had been paid for by the profits from the looting of Amerindian treasure. This was how Gaspar Espinosa, Pizarro’s main backer, had made his fortune and become the richest settler in Panama.19 Pizarro, like Cortés, enjoyed the advantage of surprise and had weaponry unknown to his American opponents.

pages: 807 words: 225,326

Werner Herzog - a Guide for the Perplexed: Conversations With Paul Cronin by Paul Cronin

Albert Einstein, Atahualpa, Berlin Wall, Francisco Pizarro, Kickstarter, land reform, MITM: man-in-the-middle, out of africa, Pier Paolo Pasolini

Historians are always asking me where I found the documents; I tell them it was in this and that book, but unfortunately can’t remember the title. Some of the other characters were invented, or if they did exist weren’t on the expedition as portrayed in the film. Gonzalo Pizarro, for example, the brother of the conquistador Francisco Pizarro, died a few years before the story takes place. I made up characters based on the names I read in the handful of real documents I could find. The script is pure invention. It’s my interpretation of history, like Brecht’s retelling of Galileo and Shakespeare’s Henry V. Real events acquire unreal qualities.

pages: 828 words: 232,188

Political Order and Political Decay: From the Industrial Revolution to the Globalization of Democracy by Francis Fukuyama

Affordable Care Act / Obamacare, Andrei Shleifer, Asian financial crisis, Atahualpa, banking crisis, barriers to entry, Berlin Wall, blood diamonds, British Empire, centre right, clean water, collapse of Lehman Brothers, colonial rule, conceptual framework, crony capitalism, deindustrialization, Deng Xiaoping, disruptive innovation, double entry bookkeeping, Edward Snowden, Erik Brynjolfsson, European colonialism, facts on the ground, failed state, Fall of the Berlin Wall, first-past-the-post, Francis Fukuyama: the end of history, Francisco Pizarro, Frederick Winslow Taylor, full employment, Gini coefficient, Hernando de Soto, Home mortgage interest deduction, household responsibility system, income inequality, information asymmetry, invention of the printing press, iterative process, Kickstarter, knowledge worker, labour management system, land reform, land tenure, life extension, low skilled workers, manufacturing employment, means of production, Menlo Park, Mohammed Bouazizi, Monroe Doctrine, moral hazard, Nelson Mandela, new economy, open economy, out of africa, Peace of Westphalia, Port of Oakland, post-industrial society, post-materialism, price discrimination, quantitative easing, RAND corporation, rent-seeking, road to serfdom, Ronald Reagan, Scientific racism, Scramble for Africa, Second Machine Age, Silicon Valley, special economic zone, stem cell, the scientific method, The Wealth of Nations by Adam Smith, Thomas L Friedman, Thomas Malthus, too big to fail, trade route, transaction costs, Tyler Cowen: Great Stagnation, Vilfredo Pareto, women in the workforce, World Values Survey, zero-sum game

In contrast to the nomadic tribal societies that existed in North America, or groups like the Mapuches who resisted white settlers in Argentina and Chile, the Aztecs and Incas were organized into complex, state-level societies and projected centralized authority over tremendous distances. And yet the speed and completeness with which their power collapsed—as told by authors from William Prescott to Jared Diamond—is astonishing.9 Francisco Pizarro defeated the Inca king Atahualpa, who commanded an army of perhaps 80,000 soldiers, with 168 Spanish troops of his own, and did not suffer a single casualty. Diamond attributes this success to a number of technological factors, such as the Spanish use of horses, muskets, and steel swords, none of which were possessed by the Incas, as well as a healthy dose of tactical surprise.

pages: 797 words: 227,399

Wired for War: The Robotics Revolution and Conflict in the 21st Century by P. W. Singer

agricultural Revolution, Albert Einstein, Any sufficiently advanced technology is indistinguishable from magic, Atahualpa, barriers to entry, Berlin Wall, Bill Joy: nanobots, blue-collar work, borderless world, Charles Lindbergh, clean water, Craig Reynolds: boids flock, cuban missile crisis, digital map,, Ernest Rutherford, failed state, Fall of the Berlin Wall, Firefox, Francisco Pizarro, Frank Gehry, friendly fire, game design, George Gilder, Google Earth, Grace Hopper, I think there is a world market for maybe five computers, if you build it, they will come, illegal immigration, industrial robot, interchangeable parts, Intergovernmental Panel on Climate Change (IPCC), invention of gunpowder, invention of movable type, invention of the steam engine, Isaac Newton, Jacques de Vaucanson, job automation, Johann Wolfgang von Goethe, Law of Accelerating Returns, Mars Rover, Menlo Park, New Urbanism, pattern recognition, private military company, RAND corporation, Ray Kurzweil, RFID, robot derives from the Czech word robota Czech, meaning slave, Rodney Brooks, Ronald Reagan, Schrödinger's Cat, Silicon Valley, social intelligence, speech recognition, Stephen Hawking, strong AI, technological singularity, The Coming Technological Singularity, The Wisdom of Crowds, Turing test, Vernor Vinge, Wall-E, Yogi Berra

Clarke of 2001: A Space Odyssey fame once observed, “Any sufficiently advanced technology is indistinguishable from magic.” Nowhere is this more true than in war. Time and again, warring sides have used new technologies not only to kill more efficiently than their foe, but also to dazzle them into submission. The case of Atahuallpa, unlucky enough to become emperor just before the arrival of Francisco Pizarro and his tiny band of Spanish conquistadors, is a powerful example of just how shocking and powerful new weapons of war can be. Cannon, armor, swords, muskets, and horses were particularly devastating to the Inca as they lived in a time when communication was difficult and information was hard to come by.

pages: 1,000 words: 247,974

Empire of Cotton: A Global History by Sven Beckert

agricultural Revolution, Bartolomé de las Casas, British Empire, colonial exploitation, colonial rule, Corn Laws, creative destruction, crony capitalism, deindustrialization, European colonialism, Francisco Pizarro, imperial preference, industrial cluster, James Hargreaves, James Watt: steam engine, joint-stock company, laissez-faire capitalism, land tenure, Mahatma Gandhi, market fundamentalism, race to the bottom, Silicon Valley, spice trade, spinning jenny, The Wealth of Nations by Adam Smith, transaction costs, transatlantic slave trade, union organizing, women in the workforce

In a four-thousand-mile arc through Mesoamerica and the Caribbean to South America, cotton was the most important manufacturing industry. Perhaps the oldest center of cotton manufacture was located in present-day Peru. There, archaeologists have excavated cotton fishing nets dated to 2400 BCE and textile fragments from 1600–1500 BCE. When Francisco Pizarro attacked the Inca Empire in 1532, he marveled at the quality and quantity of cotton fabrics he saw. At the Incan city of Cajamarca, the conquistadores found stores filled with huge quantities of cotton textiles “far superior to any they had seen, for fineness of texture, and the skill with which the various colors were blended.”11 Several thousand miles to the north and a decade earlier, Europeans were just as surprised when they penetrated the Aztec Empire and encountered extraordinary cottons.

pages: 893 words: 282,706

The Great Shark Hunt: Strange Tales From a Strange Time by Hunter S. Thompson

anti-communist, back-to-the-land, buy low sell high, complexity theory, computer age, cuban missile crisis, desegregation, Electric Kool-Aid Acid Test, Francisco Pizarro, Golden Gate Park, Haight Ashbury, job automation, land reform, Mason jar, New Journalism, non-fiction novel, Norman Mailer, Ronald Reagan, urban decay, urban renewal, urban sprawl

There is one class a day, but it is difficult to get the Indians to tune in at the right hour, because they tell time by the sun. The focus of the "Indian problem" is Peru -- the golden magnet that brought the Spaniards to South America in the Sixteenth Century. (In the first six months of the conquest, Francisco Pizarro and his men looted Inca temples of over $200,000,000 in gold ornaments, which they melted and sent back to Spain.) Peru was the scene of most of the conquest's bloody battles. In Peru, Pizarro chose to build Lima, his "City of Kings" from which the Spanish Viceroys ruled the Andes until they were driven out in 1821.

pages: 1,152 words: 266,246

Why the West Rules--For Now: The Patterns of History, and What They Reveal About the Future by Ian Morris

addicted to oil, Admiral Zheng, agricultural Revolution, Albert Einstein, anti-communist, Arthur Eddington, Atahualpa, Berlin Wall, British Empire, Columbian Exchange, conceptual framework, cuban missile crisis, defense in depth, demographic transition, Deng Xiaoping, discovery of the americas, Doomsday Clock,, falling living standards, Flynn Effect, Francisco Pizarro, global village, God and Mammon, hiring and firing, indoor plumbing, Intergovernmental Panel on Climate Change (IPCC), invention of agriculture, Isaac Newton, James Watt: steam engine, Kickstarter, Kitchen Debate, knowledge economy, market bubble, mass immigration, Menlo Park, Mikhail Gorbachev, mutually assured destruction, New Journalism, out of africa, Peter Thiel, phenotype, pink-collar, place-making, purchasing power parity, RAND corporation, Ray Kurzweil, Ronald Reagan, Scientific racism, sexual politics, Silicon Valley, Sinatra Doctrine, South China Sea, special economic zone, Steve Jobs, Steve Wozniak, Steven Pinker, strong AI, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, Thomas L Friedman, Thomas Malthus, trade route, upwardly mobile, wage slave, washing machines reduced drudgery

In both Siberia and America tiny bands of desperadoes fanned out, scattering stockades built at their own expense across mind-boggling expanses of unmapped territory and constantly writing home for more money and more European women. Where fur fever drove Russians, bullion fever drove Spaniards. Cortés set Spain on this path by sacking Tenochtitlán in 1521, and Francisco Pizarro speeded them further along it. In 1533 he kidnapped the Inca king Atahualpa and as ransom ordered his subjects to stuff a room twenty-two feet long, seventeen feet across, and nine feet high with treasure. Pizarro melted the accumulated artistic triumphs of Andean civilization into ingots—13,420 pounds of gold and 26,000 pounds of silver—and then strangled Atahualpa anyway.

The Secret World: A History of Intelligence by Christopher Andrew

active measures, Admiral Zheng, airport security, anti-communist, Atahualpa, Ayatollah Khomeini, British Empire, Chelsea Manning, colonial rule, cuban missile crisis, disinformation, Edward Snowden,, Etonian, Fellow of the Royal Society, Francisco Pizarro, Google Earth, invention of movable type, invention of the telegraph, Julian Assange, Khyber Pass, Mahatma Gandhi, Mikhail Gorbachev, Murano, Venice glass, RAND corporation, Robert Hanssen: Double agent, Ronald Reagan, Skype, South Sea Bubble, spice trade, the market place, trade route, two and twenty, union organizing, uranium enrichment, Vladimir Vetrov: Farewell Dossier, WikiLeaks, éminence grise

The great majority of his forces came from native peoples who saw the Spanish invasion as an opportunity to rid themselves of Aztec domination. After a brutal eighty-day siege, Tenochtitlan surrendered on 13 August 1521.66 In December 1530, little more than a decade after Cortés’s conquest of the Aztec Empire, another conquistador, Francisco Pizarro, invaded the far larger Inca Empire in South America with a force of only 168 men, less than a third the number of Cortés’s troops. Pizarro’s success owed much to the Incas’ complete lack of intelligence on Central America. Though Inca rulers sometimes sent spies to neighbouring territory they wished to add to their empire, they knew nothing about the Spanish defeat of the Aztecs.

pages: 1,060 words: 265,296

Wealth and Poverty of Nations by David S. Landes

"Robert Solow", Admiral Zheng, affirmative action, agricultural Revolution, Atahualpa, Ayatollah Khomeini, Bartolomé de las Casas, British Empire, business cycle, Cape to Cairo, clean water, colonial rule, Columbian Exchange, computer age, David Ricardo: comparative advantage, deindustrialization, deskilling, European colonialism, Fellow of the Royal Society, financial intermediation, Francisco Pizarro, germ theory of disease, glass ceiling, illegal immigration, income inequality, Index librorum prohibitorum, interchangeable parts, invention of agriculture, invention of movable type, invisible hand, Isaac Newton, James Watt: steam engine, John Harrison: Longitude, joint-stock company, Just-in-time delivery, Kenneth Arrow, land tenure, lateral thinking, mass immigration, Mexican peso crisis / tequila crisis, MITM: man-in-the-middle, Monroe Doctrine, Murano, Venice glass, new economy, New Urbanism, North Sea oil, out of africa, passive investing, Paul Erdős, Paul Samuelson, Philip Mirowski, rent-seeking, Right to Buy, Savings and loan crisis, Scramble for Africa, Simon Kuznets, South China Sea, spice trade, spinning jenny, The Wealth of Nations by Adam Smith, trade route, transaction costs, transatlantic slave trade, Vilfredo Pareto, zero-sum game

The conquest of the Inca empire was essentially similar: again, a farflung tributary empire, centralized and ingenious in its administrative structures; but again, internal divisions and hatreds, setting Incas not only against subject tribes but against one another; and again, Euro­ pean disease as a silent partner of European conquest. When Francisco Pizarro arrived with his small war party, the country was just coming off seven years of civil war (the Inca had apparently died o f smallpox) and much the weaker for it. Here, too, the first contacts were appetizing: the smallest coastal villages seemed to abound in gold. Again, mistaken dispositions facil­ itated the Spanish advance.

Europe: A History by Norman Davies

agricultural Revolution, Albert Einstein, anti-communist, Berlin Wall, Bretton Woods, British Empire, business climate, centre right, charter city, clean water, Columbian Exchange, conceptual framework, continuation of politics by other means, Corn Laws, cuban missile crisis, Defenestration of Prague, discovery of DNA, disinformation, double entry bookkeeping, Edmond Halley, Edward Lloyd's coffeehouse, equal pay for equal work, Eratosthenes, Etonian, European colonialism, experimental economics, financial independence, finite state, Francis Fukuyama: the end of history, Francisco Pizarro, full employment, global village, Honoré de Balzac, Index librorum prohibitorum, interchangeable parts, invention of agriculture, invention of movable type, Isaac Newton, James Hargreaves, James Watt: steam engine, Johann Wolfgang von Goethe, Johannes Kepler, John Harrison: Longitude, joint-stock company, Joseph-Marie Jacquard, land reform, liberation theology, long peace, Louis Blériot, Louis Daguerre, Mahatma Gandhi, mass immigration, Mikhail Gorbachev, Monroe Doctrine, Murano, Venice glass, music of the spheres, New Urbanism, North Sea oil, offshore financial centre, Peace of Westphalia, popular capitalism, Potemkin village, purchasing power parity, Ralph Waldo Emerson, road to serfdom, sceptred isle, Scramble for Africa, spinning jenny, Thales of Miletus, the scientific method, The Wealth of Nations by Adam Smith, Thomas Malthus, trade route, transatlantic slave trade, Transnistria, urban planning, urban sprawl

They settled Cuba in 1511 and used it as a base for further campaigns. In 1519–20 Hernando Cortez (1485–1547) seized the Aztec empire in Mexico in a sea of blood. In the 1520s and 1530s permanent settlements were established in Costa Rica, Honduras, Guatemala, and New Granada (Colombia and Venezuela). From 1532 Francisco Pizarro (c.1476–1541) seized the empire of the Incas in Peru. SYPHILUS FOR many years it had no official name. Italians, Germans, Poles, and English all called it ‘the French disease’. The French called it ‘the Neapolitan disease’. The Neapolitans called it ‘the Spanish disease’. The Portuguese called it ‘the Castilian disease’ and the Turks ‘the Christian disease’.