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What rewards did Spain promise Ferdinand Magellan for finding new lands and a route to the Moluccas?
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Ferdinand Magellan
Ferdinand Magellan, detail of a painting by an unknown artist; in the Uffizi Gallery, Florence.
In the royal agreement signed on March 22, 1518, King Charles I of Spain promised Ferdinand Magellan and his co-commander, Rui Faleiro, several rewards for leading an expedition to find an all-Spanish route to the Moluccas:
- Governmental Authority: The government of any lands discovered during the expedition was to be vested in them and their heirs.1
- Financial Compensation: They were to receive a one-twentieth share of the net profits generated by the venture.1
- Knighthood: Both men were invested with the Order of Santiago, a prestigious Spanish military-religious knighthood.1