<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
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<journal-id>1645-6432</journal-id>
<journal-title><![CDATA[e-Journal of Portuguese History]]></journal-title>
<abbrev-journal-title><![CDATA[e-JPH]]></abbrev-journal-title>
<issn>1645-6432</issn>
<publisher>
<publisher-name><![CDATA[Universidade do PortoBrown University]]></publisher-name>
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<article-id>S1645-64322014000100005</article-id>
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<article-title xml:lang="en"><![CDATA[Portuguese Traders in Atlantic Europe in the Middle Ages]]></article-title>
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<surname><![CDATA[Miranda]]></surname>
<given-names><![CDATA[Flávio]]></given-names>
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<institution><![CDATA[,CITCEM-UP EM-New University of Lisbon ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
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<pub-date pub-type="pub">
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<year>2014</year>
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<pub-date pub-type="epub">
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<year>2014</year>
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<volume>12</volume>
<numero>1</numero>
<fpage>119</fpage>
<lpage>130</lpage>
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<self-uri xlink:href="http://scielo.pt/scielo.php?script=sci_arttext&amp;pid=S1645-64322014000100005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://scielo.pt/scielo.php?script=sci_abstract&amp;pid=S1645-64322014000100005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://scielo.pt/scielo.php?script=sci_pdf&amp;pid=S1645-64322014000100005&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[This article examines some of the problems, questions, arguments, and hypotheses discussed in the doctoral thesis Portugal and the Medieval Atlantic. Commercial Diplomacy, Merchants, and Trade, 1143-1488, presented at the University of Porto in December 2012.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Este artigo examina alguns dos problemas, questões, argumentos e hipóteses discutidos na tese de doutoramento Portugal and the Medieval Atlantic. Commercial Diplomacy, Merchants, and Trade, 1143-1488, apresentada à Universidade do Porto em Dezembro de 2012.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Portugal]]></kwd>
<kwd lng="en"><![CDATA[trade]]></kwd>
<kwd lng="en"><![CDATA[merchants]]></kwd>
<kwd lng="en"><![CDATA[Atlantic Europe]]></kwd>
<kwd lng="en"><![CDATA[Middle Ages]]></kwd>
<kwd lng="pt"><![CDATA[Portugal]]></kwd>
<kwd lng="pt"><![CDATA[comércio]]></kwd>
<kwd lng="pt"><![CDATA[mercadores]]></kwd>
<kwd lng="pt"><![CDATA[Europa Atlântica]]></kwd>
<kwd lng="pt"><![CDATA[Idade Média]]></kwd>
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</front><body><![CDATA[ <p align="right"><b>INSTITUTIONS AND RESEARCH</b></p>      <p>     <b>Portuguese Traders in Atlantic Europe in the Middle Ages</b> </p>        <p> <b>Fl&aacute;vio Miranda<sup>1</sup></b></p> 	 	<sup>1</sup>IEM-New University of Lisbon, CITCEM-UP. <i>E-mail</i>: <a href="mailto:F.Miranda@fcsh.unl.pt">F.Miranda@fcsh.unl.pt</a> 	       <p>&nbsp;</p>       <p>     <b>ABSTRACT</b> </p>         <p> This article examines some of the problems, questions, arguments, and hypotheses discussed in the doctoral thesis        <i>Portugal and the Medieval Atlantic. Commercial Diplomacy, Merchants, and Trade, 1143–1488</i>, presented at the University of Porto in December         2012.     </p>       <p>     <b>Keywords: </b>Portugal, trade, merchants, Atlantic Europe, Middle Ages     </p>          <p>&nbsp;</p>       <p>     <b>RESUMO</b> </p>         <p> Este artigo examina alguns dos problemas, quest&otilde;es, argumentos e hip&oacute;teses discutidos na tese de doutoramento        <i>Portugal and the Medieval Atlantic. Commercial Diplomacy, Merchants, and Trade, 1143–1488</i>, apresentada &agrave; Universidade do Porto em Dezembro de         2012.     </p>       ]]></body>
<body><![CDATA[<p>     <b>Palavras-chave: </b>Portugal, com&eacute;rcio, mercadores, Europa Atl&acirc;ntica, Idade M&eacute;dia     </p> 	      <p>&nbsp;</p>       <p>     <b>Introduction</b>   </p>       <p>     The role of Portuguese traders in European markets, and the commercial relations with England, Zeeland, Flanders, Normandy, and Brittany in the Middle Ages have a long historiographic tradition in Portugal. The newest addition to this debate is the doctoral dissertation entitled    <i>Portugal and the Medieval Atlantic. Commercial Diplomacy, Merchants, and Trade, 1143–1488</i>, which I presented and defended at the University of     Porto on 19 December 2012. This article will discuss some of the questions that guided my research and present the main conclusions. </p>       <p>     At the origin of my doctoral thesis was a historiographic problem posed by the Belgian historian Charles Verlinden, in 1947, at a conference in Coimbra.     Verlinden argued that the works existing at the time were unable to fully explain the origin of Portugal’s commercial expansion, the establishment of     mercantile nations, the integration of Portuguese merchants in other European markets and networks, and the development of mercantile techniques. According     to his idea, those willing to learn the economic history of medieval Portugal would realize that historians had written on the agrarian and rural features     of the Portuguese kingdom and then immediately discussed the conquest of Ceuta, the discovery of Madeira and the Azores, and all the other endeavors of the     fifteenth-century overseas expansion, as if things had happened “by miracle” or “spontaneous generation” (Verlinden, 1948: 1-15). </p>       <p>     Bussche (1874), Francisque-Michel (1882), Shillington (1906; 1907), Renouard (1955), Godinho (1962), Marques (1965), Fonseca (1980, 1986), Paviot (1989),     and Childs (1992, 1997) are some of the historians who have contributed to our knowledge of Portugal’s commercial activities in the Middle Ages, but most     of these studies have adopted a binomial perspective, in an unbalanced examination of Anglo-Portuguese, Flemish-Portuguese, and French-Portuguese     commercial relations. Verlinden’s problem was yet to be solved and so were other significant questions. What were the causes of Portugal’s commercial     expansion? What drove merchants to Euro-Atlantic markets? How were they organized, and what prompted the negotiation of commercial statutes with foreign     kingdoms and regions? What was the impact of the Hundred Years War on Portugal’s maritime trade? Did the fifteenth-century overseas expansion bring     substantial changes to Portugal’s commercial exchanges with Atlantic Europe? </p>       <p>     In order to answer these and other questions, I have gathered together Portuguese, English, Flemish, French, and Spanish sources, which have helped to     piece together the actions of the Portuguese traders in Atlantic Europe in the Middle Ages. Portuguese sources are very limited in their variety and     quantity. Only 6% of the records used in this study come from Portuguese archives, making this one of the lowest averages when compared with the documents     found in England (46%) or in Belgium (37%); only France has a similar reduced number of sources (5%), and the remaining 6% correspond to records from     Castile, Catalonia, Ireland, Zeeland, and other parts of the Netherlands. These records can be divided into three typological groups: urban and royal     judicial institutions produced 54% of the records; customs and port accounts produced some 35%; and the remaining 11% correspond to royal charters of     privilege, chronicles, and other references. Consequently, these disparities in the quantity and quality of the sources cause some imbalances in the     analysis of each region, and constrain conclusions. The next sections will explain how the doctoral thesis is organized and will discuss the main arguments     of each of its chapters.<sup><a href="#2">2</a></sup><a name="top2"></a>&nbsp;</p> 	                               <p>     <b>From Portugal to Atlantic Europe</b>   </p>       <p>     The first three chapters of this research are closely linked to the understanding of the relationship between traders, their kingdoms, and Atlantic markets     in the Middle Ages; the development of merchant communities in foreign territories; the effect of political vicissitudes and commercial diplomacy in     international trade; and the adaptation of merchants to the overseas expansion. </p>       <p>     Did Portugal’s economy depend on its maritime trade? Was medieval Portugal already a maritime kingdom? These are two of the questions addressed in Chapter     1, “What’s in a Kingdom?” Chroniclers, rulers, poets, politicians, and economists have fabricated the idea that Portugal regularly benefited from its     geostrategic position facing the Atlantic Ocean, for it is likely that, throughout the Middle Ages, less than 7% of the population lived in urban areas     close to the coastline, and that only a fraction of those living there were indeed engaged in maritime occupations (Miranda, 2012: 275-292). Utterly rural,     just like most European regions, Portugal had, nonetheless, two cities (Lisbon and Porto) that depended greatly on regional and international trade. </p>       ]]></body>
<body><![CDATA[<p>     The significance of maritime commercial exchange was reflected in three key aspects of those cities. First, Lisbon and Porto created specific     infrastructures to support overseas trade, and this infrastructure ultimately changed the urban landscape. Second, as merchants grew richer, they became     the predominant socioeconomic elites in those places, representing the city and, purportedly, merchants’ interests in the Portuguese <i>Cortes</i>     (parliamentary sessions), and in the negotiation of commercial treaties, statutes, and safe-conducts with foreign rulers. Third, in the absence of merchant     guilds, urban institutions were used to gather traders, to exchange information, and to promote their common goal.<sup><a href="#3">3</a></sup><a name="top3"></a>&nbsp; In combination,     these three factors allowed Lisbon and Porto to enjoy their role as central commercial hubs in the Portuguese medieval kingdom, forming large economic     areas under their influence, which provided them with figs, raisins, olive oil, wine, oranges, animal hides, honey, wax, cork, and the surplus of other     Iberian products to export to markets in northern parts of Europe. </p>       <p>     What pushed the Portuguese towards Euro-Atlantic markets? How did Portugal’s maritime trade evolve throughout the thirteenth and fourteenth centuries? In     Chapter 2, “The Origins of the Commercial Expansion, 1143–1386,” I discuss the significance of the strategic position of Portugal in the Atlantic, and how     the negotiation of commercial treaties placed the Portuguese merchants in European markets. Moreover, I relate these elements with the beginning of the     Hundred Years War, and its influence in Portugal’s overseas trade. </p>       <p>     Lisbon, Porto, and other places along the Portuguese coastline have always been ports of call for traders and travelers coming and going from the     Mediterranean and the north of Europe. This movement of ships, cargo and people began prior to the existence of Portugal as a kingdom, and continued     throughout the twelfth century. Flemish documents, for example, talk of honey, animal hides, olive oil, figs, and other commodities shipped from Portugal     to Bruges in 1200 (Gilliodts van Severen, 1904, vol. 1: 20). This is the same type of products that were exported to England, Normandy, and other European     regions in the early thirteenth century, and basically the same wares that were described in the famous <i>Libelle of Englyshe Polycye</i> (<i>c</i>.     1436).<sup><a href="#4">4</a></sup><a name="top4"></a>&nbsp; Portuguese traders were also active in Mediterranean markets, and were found in Thessaloniki, Marseille, Barcelona, and     Valencia from the twelfth century onwards (Godinho, 2008: 101). But southern European regions produced the same type of commodities as Portugal did, hence     the need for the Portuguese to preferably sell their products in Bruges, Middelburg, Harfleur, Southampton, Bristol, and London, regions that had different     agricultural and economic productions. </p>       <p>     The formation of merchant colonies outside Portugal was rather slow, and the paucity of sources for the thirteenth and fourteenth centuries makes it hard     to acknowledge the existence of efficient trading networks in the medieval Atlantic. The commercial expansion of late medieval Portugal reveals, however,     interesting aspects that must be taken into consideration and which are thoroughly discussed in Chapter 2 of my doctoral thesis. Despite the small size of     Portuguese cities, thirteenth-century records suggest that the number of merchants in foreign markets was already considerable. The consequences of this     are not only to be noted in the quantity of traders abroad. Certain documents point to the presence of formal merchant networks, organized by urban     institutions, which were useful for traders to obtain safe-conducts, but also for the negotiation of commercial treaties and benefits. In 1309, for example, King Philippe IV of France (r. 1285–1314) granted special privileges to the “<i>marchands de Lisbonne establis &agrave; Harfleur</i>” (    <i>Ordonnances des Rois de France</i>, 1723, vol. 2: 157-158). A few decades later, in 1340, Philippe VI granted commercial rights to the Portuguese, but     this time to the “<i>Mercatoribus Portus Portugalli&aelig; &amp; Lixibon&aelig;</i> in Harfleur” (<i>Ordonnances des Rois de France</i>, 1723, vol. 2: 158-159).     The sense of an organized merchant community in Lisbon and Porto is clear in those two safe-conducts, for they were not granted to all Portuguese     merchants. The situation had been like this since the thirteenth century, and it remained the same in 1353, when the Portuguese negotiated a commercial     treaty with Edward III of England, changing only in the last quarter of the fourteenth century. The reasons for this are, in some way, related to the     beginning of the Hundred Years War. </p>       <p>     One of the arguments discussed in the second part of Chapter 2 is that the Anglo-Portuguese commercial treaty of 1353 was signed in order to protect trade     and not to stimulate it. Following the battle of Les-Espagnols-sur-Mer, the English attacked several Portuguese ships, allegedly by mistake, thus creating     severe hindrances for those sending their vessels to England, Normandy, Flanders, and Zeeland. Another relevant aspect has to do with the fact that trade     with England did not grow as a consequence of this commercial treaty; instead its peak was only reached in the 1370s and 1380s, after the murder of Pedro I     of Castile in 1369 and Portugal’s entry into the Hundred Years War. Castilian merchants became unwanted in English ports, and the Portuguese turned into     the “official” suppliers of Iberian commodities in England. Despite the three consecutive wars between Portugal and Castile, and the dynastic crisis of     1383–85 in Portugal, maritime trade seems not to have been affected. </p>       <p>     Did merchants continue to thrive in England after the signature of the Treaty of Windsor in 1386, which sealed the perpetual Anglo-Portuguese political     alliance? Was the conquest of Ceuta, in 1415, advantageous for Portuguese traders? Was fifteenth-century trade with European markets influenced by the     overseas expansion? These questions underlay the third chapter (“Portugal and the Atlantic, 1387–1844”), leading to some interesting conclusions.     Traditionally, it has been accepted that the Treaty of Windsor reinforced Anglo-Portuguese political and economic relations, and that it was therefore     valuable for merchants. However, if we take into account the number of ships registered in English ports and the quantity of petitions submitted to the     king and parliament in England, it seems that business relations did not improve after 1386, and that the alliance between Portugal and England actually     hindered Portuguese trade in Flanders and Normandy at the end of the fourteenth century. In order to obtain money to hire mercenaries to fight against the     Castilians in 1385, the Portuguese crown borrowed from the merchants of London, a debt that would create problems for the Portuguese merchants. From the     end of the 1380s and until the beginning of the 1410s, the merchants of London began attacking Portuguese ships and apprehending the cargo they were     carrying in order to obtain compensation for the loan that was yet to be fully repaid. Moreover, since Portugal was now under England’s geopolitical     influence during the Hundred Years War, Portuguese merchants often faced impediments in Normandy and Flanders. They had become victims of the mood swings     of Anglo-French, Anglo-Burgundian, and French-Burgundian political relations. </p>       <p>     One of the hypotheses discussed in this doctoral thesis is precisely related to this problem. If one considers as valid the historiographic theory which     claims that Jo&atilde;o Afonso, “<i>vedor da fazenda</i>” (high officer of the estate of the kingdom), was responsible for the idea of the conquest of Ceuta, is     it possible that the difficulties that the Portuguese were facing in English, Flemish, and Norman markets encouraged the search for an alternative source     of revenue? Is it possible that this Euro-Atlantic blockade was one of the economic variables considered by Jo&atilde;o I of Portugal (r. 1385–1433) while he was     planning the conquest of Ceuta? The outcome, however, is well known: Ceuta would prove to be an economic disaster for Portugal, and merchants never     envisioned it as a profitable market. </p>       <p>     The discovery of Madeira and the Azores, and the exploration of western Africa represented a first major breakthrough in the history of civilization. The     influence of fifteenth-century oceanic expansion on Portugal’s Euro-Atlantic trade is, however, difficult to measure. The sources that I gathered together     for my doctoral thesis do not allow me to confirm that Portuguese merchants received significant compensation from African trade. Indeed, one of the     conclusions that I stress is that the introduction of African commodities in the markets of Bruges and London was extremely slow, and that even Madeira’s     sugar only became noticeable in Flanders, Normandy, and England in the second half of the fifteenth century. The reasons for this are many. First, it is     likely that changes in the consumption patterns of Europeans were rather slow. Second, the supply of new commodities might have been low, thus impeding the     complete availability of products in every market. Third, some of those commodities were under royal monopoly, thus limiting potential benefits for     merchants in general. </p>       <p>     By looking at the roots of Portugal’s commercial expansion, it proved possible to identify several variables that stimulated maritime trade at that time,     but also some disruptive elements. Private initiative seems to have been at the origin of the development of the early commercial routes and colonies in     European markets. Merchants had become a significant socioeconomic group in the major urban centers in Portugal, mixing their economic responsibilities     with political functions. Some of the examples presented throughout this doctoral thesis show merchants acting as traders, but also as creditors, agents,     diplomats, and politicians. The complexity of their tasks increased, as did the interference of the Portuguese crown in the last two decades of the     fourteenth century, and this would ultimately change trade relations and merchant organization. </p>       <p>     <b>Trade and Traders</b>   </p>       ]]></body>
<body><![CDATA[<p>     The final two chapters discuss the central pieces of a large multifarious mechanism of Euro-Atlantic trade, analyzing traders, markets, commercial     transactions, institutions, networks, and conflict in order to understand the progression of trade patterns, the commercial strategies, the formation of     traders’ linkages and partnerships, and the many disputes between merchants settled in judicial institutions. </p>       <p>     How did Portugal’s maritime trade evolve throughout the Middle Ages? Is it possible to find any relation between the town of origin, the merchant     partnership involved, the commodity exchanged, and the final market? The maritime trade of medieval Portugal with Atlantic markets, from the twelfth     century to the fifteenth century, can be divided into three stages (Miranda, 2013). The first was one of commercial expansion and lasted approximately     until the political crisis of 1383–85. The second began in the post-Windsor period and was characterized by a rupture and stagnation in trade. The third     phase started in around the 1440s and lasted until the end of the century, being considered as a period of commercial growth during the beginning of the     overseas expansion. </p>       <p>     The first section of Chapter 4 (“Trade Patterns and Merchant Organization”) begins by examining the numbers of medieval trade in order to create a general     perception as to where the merchants and commodities came from, how many ships commuted between Portugal and Atlantic markets, which port cities received     those ships, and how and why the situation varied over time. Moreover, the analysis correlates merchants, ports of origin and commodities with partnerships     and destination ports. The findings on this matter are interesting. For example, Anglo-Portuguese trade was frequent in the fourteenth and fifteenth     centuries, but the consistency of those commercial contacts was irregular, due to political and economic vicissitudes. In the second half of the fourteenth     century, the Portuguese managed to become England’s preferred commercial partner in Iberia, benefiting from the political convulsions of the war against     Castile. This allowed Portuguese traders to thrive in England, and the number of their ships in English ports grew significantly. But these circumstances     changed after 1386, as already mentioned, and especially after 1388, when Anglo-Castilian relations were restored, allowing the return of Castilian     merchants to England and English ships and traders to Castile (Childs, 1978: 41). </p>       <p>     In the fifteenth century, the number of Portuguese ships and traders in England was very irregular. This, however, does not mean that Anglo-Portuguese     trade was less frequent. What happened was that most of the Portuguese merchants opted to concentrate their business operations in Flanders, while English     and Italian traders shipped commodities from Portugal to England. In the fourteenth century, Bristol received 45% of the Portuguese ships in England; this     percentage dropped to 3% in the fifteenth century. Yet Portuguese commodities, especially wine, continued to reach customers in Bristol. With the end of     the Hundred Years War, wine from Gascony had become extremely expensive for English traders; Portuguese wine was one of the alternatives that English     merchants found, and the number of Bristolians in Lisbon grew significantly. </p>       <p>     By cross-referencing the available sources used in this study, and by looking specifically at the type of commodities exchanged, the merchants involved,     and the destination port, it is also possible to find some other relevant commercial intersections. Merchants from Lisbon would usually be associated with     English (46%), Flemish (20%), and Italian (20%) traders, who would travel especially to Bristol, Southampton, Bruges, and Middelburg. This combination of     traders usually resulted in the export of wine, figs, and raisins. As for Porto, a similar correlation is observable. Its merchants were often associated     with English (34%), Italian (33%), French (20%), and Fleming traders, and the destination ports were frequently located in England and Flanders. The     novelty here is the presence of Italian merchants, but their inclusion explains why animal hides were exported from Porto, alongside olive oil, figs,     raisins, and salt. </p>       <p>     How were merchants organized? Were commercial conflicts common in overseas trade? The final chapter is entitled “Partnerships, Conflicts, and Traders,” and     it discusses the type of commercial linkages established between merchants throughout the Middle Ages, as well as the cases of violence and privateering at     sea and in port towns. Its closing section examines what there is to know about some of the major Portuguese traders of the fourteenth and fifteenth     centuries. </p>       <p>     One of the opening examples of this chapter is the case of Lu&iacute;s Martins, a merchant who lived for thirteen years in Bruges and had commercial relations     with Portuguese, Italian, and Flemish merchants. For those traders that had settled in Flanders, Bruges offered endless business opportunities that could     help them to thrive and enlarge their commercial prospects, for they had access to a wider information network on prices and commodities, and services such     as moneychangers, hostellers, and agents from several parts of Europe. This does not mean, however, that most Portuguese operating in Atlantic markets were     involved in complex trade networks. Indeed, only a small percentage of Portuguese traders seem to have been part of such larger economic webs of business.     Small communities had little to gain by including members of another origin in their commercial networks (Landa, 1994). </p>       <p>     People may have a propensity to barter, as Adam Smith once said, but they also have a tendency for conflict. Since many of the sources used in my doctoral     thesis come from the records of the <i>Civiele Sententi&euml;n</i> (Flanders) and are composed mostly of petitions (England), there is a wide variety of cases     of assault, privateering, cheating, physical violence, and murder to consider. </p>       <p>     Pirate attacks and privateering happened throughout the Middle Ages as a mechanism guaranteeing fast revenue, as a response to debts or previous incidents,     and even as a political weapon, especially during the Hundred Years War. Physical violence and murder were more frequent amongst sailors in port cities.     The accounts of the water bailiff of Sluys, in Flanders, recorded many cases of fist fighting, stabbing, and other forms of violence between the     Portuguese, but also involving seamen from other parts of Europe. The local bailiff usually arbitrated those cases, and the sentence would typically be a     fine or prison. Cases of cheating were less common than one might have expected, and one of the hypotheses put forward to explain this is that merchants     were aware of the damage that cheating could do to their reputations, ruining commercial relationships with old and potential clients. </p>       <p>     Some of those merchants lived in Flanders, Normandy, and England for many years, and the final section of this chapter looks at a few Portuguese merchants     from the fourteenth and fifteenth centuries. Even though the sources do not always provide enough information to analyze all the aspects of their     professional and personal lives, they do suggest that there were a number of quite notorious Portuguese merchants. In the 1350s, Jo&atilde;o de Rates was an     important merchant in Normandy, acting as a representative for other traders, and he had also been “<i>tesoureiro</i>” (treasurer) to the king of     Portugal (Homem, 1990: 348). In the 1380s, Jo&atilde;o Ramalho was one of Porto’s top merchants, with business connections that led him to the Mediterranean and     England. During the Portuguese crisis of 1383–85, he had become famous for his bravery during the siege of Lisbon, and later commanded a fleet with an     embassy to Rome. In the second half of the fifteenth century, &Aacute;lvaro Dinis was probably one of the most important Portuguese merchants in Bruges. During his lifetime, he traded with merchants from Flanders, Italy, Spain, England, and the German Hanse, and also became the king’s consul at the Portuguese “    <i>feitoria</i>” in Bruges, where he was responsible for controlling African commodities shipped to Flanders. </p>       ]]></body>
<body><![CDATA[<p>     <b>Conclusion</b>   </p>       <p>     The doctoral thesis presented in this article discusses Portugal’s overseas trade with Atlantic Europe in the later Middle Ages and also examines the role     played by Portuguese merchants in foreign markets by analyzing urban, commercial, political, and judicial strands in order to understand which elements     helped to stimulate or to hinder its dynamics. This work has resulted in four major conclusions. First, it demonstrates how private initiatives undertaken     by different socioeconomic groups, supported by urban institutions, organized their businesses, negotiated safe-conducts, and created commercial ties with     international markets. Second, it discusses the impact of the Hundred Years War on Portugal’s maritime trade, and demonstrates that the foreign policies of     the different rulers had more severe effects on trading routes than actual battles – a situation that is directly related to the next point. Third, it     challenges the generally accepted view of historiographers that the Anglo-Portuguese alliance was beneficial for the commercial exchanges taking place     between the two realms, since it proves that other variables caused difficulties for the Portuguese sailing through the Channel. Fourth, it presents     explanations for the variations of Portugal’s maritime trade from the twelfth century to the beginning of the overseas expansion. Therefore, it addresses     Verlinden’s problem regarding the expansion in international trade by proposing an explanation for each stage of commercial development in the     Euro-Atlantic markets (first via commercial contacts, followed by consolidation, and then expansion), and by showing how everything changed in the     fifteenth century with the beginning of the overseas expansion and the exploration of Western Africa. </p>       <p>     This doctoral thesis raises, at least, two major problems that have been identified in the conclusion. The first problem has to do with the need that     historians have to further explore archives in Spain and Italy, for Mediterranean merchants were extremely important in Portugal’s economy. The second     problem has to do with the available sources. On many occasions, it is almost impossible to follow the career of merchants, to trace their activity in     European markets, to determine what happened to some of their investments, and to know how judicial conflicts ended. Sometimes, it seems as if one is only     seeing the tip of a giant iceberg, knowing that the commercial relations between Portugal and the medieval Atlantic were possibly much greater. </p>     <p>&nbsp;</p>       <p>     <b><i>ACKNOWLEDGEMENTS</i></b>   </p>       <p>     I would like to thank Professor Lu&iacute;s Ad&atilde;o da Fonseca and the two anonymous reviewers who read the first version of this article for their thoughtful and     valuable comments. </p>     <p>&nbsp;</p>       <p>     <b>REFERENCES</b>   </p>       <!-- ref --><p>     Bussche, &Eacute;mile Vanden (1874). <i>Flandre et Portugal</i>. Bruges: C. de Moor.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000051&pid=S1645-6432201400010000500001&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>       ]]></body>
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<body><![CDATA[<!-- ref --><p> Landa, Janet T (1994).    <i> Trust, ethnicity, and identity: beyond the new institutional economics of ethnic trading networks, contract law, and gift-exchange</i>. Ann Arbor:     University of Michigan Press.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000073&pid=S1645-6432201400010000500012&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>       <!-- ref --><p> Marques, A.H. de Oliveira (1965). “Notas para a Hist&oacute;ria da Feitoria Portuguesa na Flandres, no s&eacute;culo XV”. In A.H. de O. Marques (ed.),    <i>Ensaios de Hist&oacute;ria Medieval</i>. Lisbon: Portug&aacute;lia Editora, pp. 219-267.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000075&pid=S1645-6432201400010000500013&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>       <!-- ref --><p>     Miranda, Fl&aacute;vio (2012). “The Portuguese and the Sea: Urban Interaction and Exchange in the Late Middle Ages”. In J.&Aacute;. Sol&oacute;rzano Telechea, M. Bochaca &amp;     A.A. Andrade (eds.), <i>Gentes de Mar en la Ciudad Atl&aacute;ntica Medieval</i> (pp. 275-292). Logro&ntilde;o: Instituto de Estudios Riojanos, pp. 275-292.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000077&pid=S1645-6432201400010000500014&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>       <!-- ref --><p>     Miranda, Fl&aacute;vio (2013). “Before the empire: Portugal and the Atlantic trade in the late Middle Ages”. <i>Journal of Medieval Iberian Studies</i>, 5 (1):     69-85.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000079&pid=S1645-6432201400010000500015&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>       <!-- ref --><p>     <i>Ordonnances des Rois de France</i>     (1723). Paris: Imprimerie Royale.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000081&pid=S1645-6432201400010000500016&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>       ]]></body>
<body><![CDATA[<!-- ref --><p> Paviot, Jacques (1989). “Les relations &eacute;conomiques entre le Portugal et la Flandre au XVe si&egrave;cle”. In    <i>Congresso Internacional Bartolomeu Dias e a sua &eacute;poca</i>. Porto: Comiss&atilde;o Nacional para as Comemora&ccedil;&otilde;es dos Descobrimentos Portugueses, vol. 3, pp.     531-540.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000083&pid=S1645-6432201400010000500017&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>       <!-- ref --><p>     Renouard, Yves (1955). “Les relations du Portugal avec Bordeaux et La Rochelle au Moyen &Acirc;ge”. <i>Revista Portuguesa de Hist&oacute;ria</i>, VI: 239-255.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000085&pid=S1645-6432201400010000500018&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>       <!-- ref --><p>     Shillington, Violet Mary (1906). “The Beginnings of the Anglo-Portuguese Alliance”.<i>Transactions of the Royal Historical Society</i> (20): 109-132.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000087&pid=S1645-6432201400010000500019&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>       <!-- ref --><p>     Shillington, Violet Mary, and Chapman, A. Beatrice Wallis. (1907). <i>The Commercial Relations of England and Portugal</i>. New York: Burt Franklin.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000089&pid=S1645-6432201400010000500020&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>       <!-- ref --><p>     Verlinden, Charles, (1948). “Le probl&egrave;me de l'expansion commerciale portugaise au moyen &acirc;ge”. <i>Biblos</i>, XXIII: 1-15.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000091&pid=S1645-6432201400010000500021&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>       ]]></body>
<body><![CDATA[<!-- ref --><p>     Warner, S. G. F. (ed.) (1926). <i>The Libelle of Englyshe Polycye</i>. Oxford: Clarendon Press.    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scielo.php?script=sci_nlinks&ref=000093&pid=S1645-6432201400010000500022&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');">Links</a>&#160;]<!-- end-ref --> </p>     <p>&nbsp;</p>     <p>Received for publication: 30 June 2013</p>     <p>Accepted in revised form: 18 February 2014</p>     <p>Recebido para publica&ccedil;&atilde;o: 30 de Junho de 2013</p>     <p>Aceite ap&oacute;s revis&atilde;o: 18 de Fevereiro de 2014</p>     <p>&nbsp;</p>     <p>     <b>NOTES</b>   </p>       <p>          ]]></body>
<body><![CDATA[<p><sup><a name="2"></a><a href="#top2">2</a></sup>&nbsp;     The PhD thesis was divided into five chapters: 1) What’s in a Kingdom?; 2) The Origins of the Commercial Expansion, 1143–1386; 3) Portugal and the     Atlantic, 1387–1488; 4) Trade Patterns and Merchant Organization; 5) Partnerships, Conflicts, and Traders.        <p><sup><a name="3"></a><a href="#top3">3</a></sup>&nbsp; This idea is developed in “Network takers or network makers? Portuguese traders in the Medieval West”, in    <i>Commercial Networks and European Cities, 1400–1800. </i>Edited by Andrea Caracausi, Christof Jeggle. London: Pickering &amp; Chatto, 2014.          <p><sup><a name="4"></a><a href="#top4">4</a></sup>&nbsp; “The marchaundy also    of Portyngale / To dyverse londes torneth into sale. / Portyngalers wyth us    have trought on hande, / Whose marchaundy cometh muche into Englande. / They    bene oure frendes wyth there commoditez, / And wee Englysshe passen into there    countrees. / Here londe hathe oyle, wyne, osey, wex and greyne, / Fygues, reysyns,    hony and cordeweyne, / Dates and salt hydes and suche marchaundy.” (Warner,    1926)</p>       ]]></body><back>
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