While England was dependent upon rivals for many necessities, the foreign markets for her own products were now becoming inadequate. Apart from wool, England exported little; but the confiscation of the monasteries, the ruin of Antwerp, the rising prices resulting from the influx of silver from New Spain, contributed to stimulate English industry and to increase in some measure the volume of commodities seeking markets abroad. Yet the markets were closing in some places and becoming less accessible in others. "It is publically knowne that traffique with our neighbor countries begins to be of small request, the game seldom answering the merchant's adventure, and foraigne states either are already or at the present are preparing to inriche themselves with wool and cloth of their own which heretofore they borrowed of us." English traders were persecuted in Spain; English exports were checked by tariffs in France and by Sound dues in Denmark; privileges formerly enjoyed in German towns were being withdrawn in retaliation for the exclusion of Hanse merchants from advantages long enjoyed in London; and as for Flanders, heretofore the great mart for English wool, the civil wars had, as Hakluyt says, "spoiled the traffique there." The desire to change this untoward condition of things was what inspired the unwarranted enthusiasm of the time for American and Indian colonization. The voyages of Willoughby and Frobisher, seeking some northeast or northwest passage, were but the prelude to the later voyages by way of the Cape of Good Hope and to the foundation of the East India Company, the specific purpose of which was to procure the products of the Orient independently of the Dutch and at lower cost. The colonization of America it was supposed would serve a similar purpose. It was still thought to be rich in precious metals; its soil well adapted to commodities now purchased in the Levant. Its waters would furnish England with the herring now purchased of the Dutch, and its forests would make her independent of the Baltic countries for naval supplies. Once gain a footing in India and America, and the commerce of England, now so largely foreign, would be diverted into national channels to the benefit of all concerned: "Our monies and wares that nowe run into the hands of our adversaries or cowld frendes shall pass into our frendes and naturall kinsmen and from them likewise we shall receive such things as shall be most available to our necessities, which intercourse of trade maye rather be called a home bread traffique than a forraigne exchange."