Map of Spiegelau on Two solutions emerged for the above problem. The first, certainly the less desirable, was arrived at due more to necessity than choice. Since there was nothing Europe could offer Asia as barter, the only way the company could pay for its imports was in cash. Silver fetched a high price in Asia and hence the standard practice for the East India Company became the export of bullion from England to pay for its Asian trade. This was a source of constant anxiety and much deliberation among scholars, merchants, and state officials. The export of treasures across national borders was not the most popular activity of the East India Company and made it the target of ceaseless popular criticism. The second alternative for the company’s trading choices was the development of what came to be known as the country trade. Map of Spiegelau 2016.
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Long tradition of glass making, today most modern innovative …
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