Examining repartimiento production of cochineal, a dyestuff produced exclusively by Oaxacan Indians and representing Mexico's most valued export after silver, this study shows that Indians produced cochineal for the market voluntarily because it provided them with needed income.
This book examines the enormous riskiness of transatlantic trade in 18th century Spain and argues that many of the long-condemned commercial practices were vital accommodations to pervasive risk and uncertainty.
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