Drake's circumnavigation of the globe begins
*Sir Francis Drake set sail on his global voyage
*Secretly encouraged by Elizabeth to raid Spanish ships and colonies
*Boosted English naval prestige and wealth with treasures, getting England out of the debt that Elizabeth inherited (worth around £300000)
*Established trading connections in Spice Islands, where he acquired valuable goods
*Provoked Spain and worsened relations by posing as a threat against Spain
*Francis Drake gained the nickname "El Draque" due to his perceived ruthlessness and success in raiding Spanish treasure ships and settlements
*Drake knighted on return (1580)