21 October 1520: Magellan finds the path to the Pacific

On this day in 1520, a fleet of five ships, led by Ferdinand Magellan in search of a passage to the Pacific, first entered the waterway that now bears his name.

Ferdinand Magellan discovering the path to the Pacific
Magellan never made it back home
(Image credit: © Hulton Archive/Getty Images)

In the 16th century, Portugal was making a fortune from sailing to the Moluccas, the legendary spice islands in the Pacific. Once there, they would load up their ships with the aromatic cargo and sell it for a king's ransom back in Europe. It wasn't long before Spain wanted in on the action.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
Latest Videos FromMoneyWeek
Chris Carter
Wealth Editor, MoneyWeek