ABSTRACT

This chapter examines the trade between England and Portugal in the years 1700 to 1770: the trade with Madeira has been excluded together with that between Portugal and the English possessions in North America. These years saw remarkable developments in Anglo-Portuguese commerce, developments closely bound up with the important changes concurrently occurring in Portuguese commerce and general economic life, which have been recently considered anew by V. Magalhaes Godinho in a seminal article published in 1950. The dramatic growth of English exports to Portugal between 1700 and 1760 was due primarily to an impressive secular expansion of the Portuguese market for foreign manufactures. More important, however, was the remarkable expansion of demand for foreign manufactures in Brazil during the first sixty years or so of the century, due to its rapid internal economic development and in particular the phenomenal rise of gold mining.