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Group: Ojibwa, or Ojibwe, aka or Chippewa (Amerind tribe)
People: Juan de la Cosa
Topic: Paraguayan War of Independence
Location: Selitryannoye Astrakhanskya Russia

Colonial income derives mainly from entrepôt trade: …

Years: 1540 - 1683
Colonial income derives mainly from entrepôt trade: the "Manila galleons" sailing from Acapulco on the west coast of Mexico bring shipments of silver bullion and minted coin that are exchanged for return cargoes of Chinese goods, mainly silk textiles.

There is no direct trade with Spain.

Failure to exploit indigenous natural resources and investment of virtually all official, private, and church capital in the galleon trade are mutually reinforcing tendencies.

Loss or capture of the galleons or Chinese junks en route to Manila represents a financial disaster for the colony.