section_path: Important technological developments/Textile manufacture/Trade and textiles
section_name: Trade and textiles
paragraph_text: Trade and textiles
  
  The Age of Discovery was followed by a period of colonialism beginning around the 16th century. Following the discovery of a trade route to India around southern Africa by the Portuguese, the British founded the East India Company, along with smaller companies of different nationalities which established trading posts and employed agents to engage in trade throughout the Indian Ocean region.
  
  One of the largest segments of this trade was in cotton textiles, which were purchased in India and sold in Southeast Asia, including the Indonesian archipelago where spices were purchased for sale to Southeast Asia and Europe. By the mid-1760s, cloth was over three-quarters of the East India Company's exports. Indian textiles were in demand in the North Atlantic region of Europe where previously only wool and linen were available; however, the number of cotton goods consumed in Western Europe was minor until the early 19th century.