ABSTRACT
England a commercial power—In glancing over the progress of foreign trade in the time of Elizabeth, we noticed that our war with Spain was due to commercial as well as religious causes. The opening up of the New World made a struggle for power in the West almost inevitable among European nations; the new route to India viâ the Cape of Good Hope, discovered by Vasco da Gama, made another struggle for commercial supremacy as inevitable in the far East. In the reign of Henry VIII. we find, from one of his Statutes, that Malaga had been the farthest port to which at this time English seamen yet ventured. For a century or more after the discoveries of Columbus and da Gama, Spain and Portugal, and a little later on Holland, had practically a monopoly both of the Eastern and Western trade. But now a change had come. The Englishmen of the Elizabethan age cast off their fear of Spain, entered into rivalry with Holland, and finally made England the supreme commercial power of the modern world. The history of the seventeenth and eighteenth centuries is a continuous record of their struggles to attain this object.
