Europeans, with the superior degree of knowledge they possessed, and particularly that of the use of fire-arms:  incited also by the love of gold; and careless of keeping their word with the unsuspecting natives, soon triumphed wherever they went, and the consequence was, that both nations brought home immense riches.  The trade of Venice, Alexandria, and Aleppo, was all transferred to Lisbon, {60} and never was so small a country so suddenly enriched; and it may be added, more quickly deprived afterwards of the chief source of its wealth.

The Dutch had triumphed over the power of Spain, on their own soil, and they soon rivalled that of Portugal in the East.  It was a very different thing to combat the natives, and to fight with the Dutch, who very soon deprived Portugal of the rich means of wealth she had discovered in India.

The prosperity of Portugal, arising from its possession =sic= in the East, continued at its height exactly a century.  Its decline is accounted for by the following causes.

—–­ {60} Lisbon had its depot for the north of Europe, at Antwerp, and the value of the consignments have been estimated at a million of crowns, annually; but this is, probably, an exaggeration. -=-

[end of page #62]

Its domineering principles, too great an extent of conquests, which were widely scattered, and the haughtiness of the Portuguese, both towards the natives and Europeans; the envy and rivalship which brought the Dutch into the same countries; a great want of attention and energy; and, lastly, giving a preference to the trade to the Brazils.  The Brazils had been first discovered by the Portuguese, afterwards seized upon by the Dutch, whom they, however, expelled about the middle of the sixteenth century; that is, about fifty years after its first discovery, and an equal period of time previous to the decline of their trade in India.

The possession of the whole of this lucrative trade, that had enriched so many great nations, and that by so easy a channel, and without almost any contest, for nearly a whole century, had so enriched the small kingdom of Portugal, that after being too eager, and grasping at too much, it was almost ready to resign the whole without a struggle, had it not been for some reasons of another sort. {61} So immense was the influx of wealth, from the united sources of India and the Brazils, that the former, which has been at every other period the object of ambition of all nations, and is so still, was considered as scarcely worth retaining.

It is almost unnecessary to add, that from that moment Portugal has been on the decline.  If ever the cup of prosperity ran over, in large streams, it was then; and when the possession of the trade to India was scarcely thought worth preserving, it is clear that no great efforts could be made to encourage internal industry.

Spain, extensive and powerful before it discovered the Indies, did not so immediately feel the effects of the wealth imported, as the Portuguese had done; but its prosperity was of less duration, though the decline was not quite so rapid.