CADIZ, THE CORE OF THE 18TH-CENTURY GENOESE ATLANTIC TRADE
Genoese merchants and businessmen participated in the Atlantie trade from the very first stage of the Iberian expansion overseas. As is well known, they established a veritable symbiotic alliance with the Habsburgs. By supporting Spanish imperial projeets and taking advantage of the Crown's problems with solvency, they acquired trading licenses in the Indias and dominated European finance until the Spanish "bankruptcy" of 1627.1 The Hispanic-Genoese alliance came to an end with the Treaty ofMünster (1648), which formalized the succession of the United Provinces over Genoa for transport of American silver to Flanders in exchange for countless royal concessions.2 The loss of the privileged relationship with the Crown, however, did not paralyze Genoese trade in the Spanish Empire. In a context in which the enjoyment of Atlantic trade benefits was closely linked to political and naval power, the Genoese traders, who couldn't count on political support of the mother-city or on a competitive merchant fleet, found in the Spanish monarchy new means to survive. By adopting multiple strategies of integration in the host society and trade institutions, they continued to prosper within the Spanish "monopoly", and the port of Cadiz, emporium of the Carrera de Indias, became one ofthe largest Ligurian cornmercial settlements ofthe 18th century.3