Madre De Dios

December 2024. In 1592, English privateers captured the Portugese ship Madre de Dios during the Battle of Flores. The cargo — jewels, gold, spices, etc. — was worth about £500,000 at a time when the total GDP of England was about £20m; so this single prize was about 2.5% of GDP. Such comparisons are always inexact, but let&rsquo;s apply the GDP perentage to the US today: the Madre de Dios capture…