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   r:                18 EARLY ENGLISH ADVENTURERS IN THE EAST
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                    and unfamiliar lands. The stream of wealth which flowed
                    into Spain and Portugal from their distant possessions
                                                                                    !
                    also acted as a powerful stimulus to the policy of adven­
                    ture. But undoubtedly it was Drake’s circumnavigation
                    of the world in 1577 which gave the first direct impulse
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                    to the national desire for a “ place in the sun,” to use a
                    modern phrase. That wonderful achievement, by its
                    incomparable audacity as an essay in seamanship, not
                    less than by its brilliant success as an exercise in the ever-
                    popular process of “ singeing the Spaniard’s beard,” had
                    thrilled the imagination of the people to an extraordinary
                    degree. It was the electric spark which set aflame the
     \              smouldering ambitions of the nation and brought to life
     ji             schemes of commercial aggrandisement which had hitherto
                    been mere vague aspirations. It was realized that where
                    Drake and his little handful of men had gone, and where
                    Cavendish had followed, others equally brave and resolute
                    could go. The Eastern seas were wide, the markets there
                    open to all who were adventurous enough to resort to
                    them; the native populations were not unkindly disposed.
                    Nothing, in fact, but the barrier of an insolent claim to
                    monopoly was interposed to the creation of wide and
                    lucrative new openings for trade. The barrier, it is true,
                    was a substantial one—nothing less than the armed might
                    of the two greatest naval powers then existing; but the
                    nation was in the mood to take whatever risks there might
                    be in challenging this powerful combination.
                      Accurately interpreting the national will Elizabeth
                    issued her defiant replies to the Spanish protests. In
                    burning words she declined to accept the limitations by
                    which his most Catholic Majesty sought to keep English
                    ships from trespassing upon his Eastern preserves. Her         »•

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