European Trade In The 1500s

510 Words2 Pages

After 1500, European nations dominated the world in hindsight to other countries through economic, political and technological improvements. A prolonged sense of knowledge and political power has established the countries as we currently know them. Ever since the 1500's, economic strength was improving which saw an adjustment in the way the enterprise was carried out in regard to how far and wide a nation could spread assets and become successful. The political issues and essential actions also developed to create innovative governmental causes and technical improvements encouraged change between cities. These significant aspects will determine why Europe received an instant advancement in their success and growth as a nation and how it affected the …show more content…

By the 18th century, European trade was at its highest with colonies being founded all through the world which provided good wealth not only to the wealthy but for everyone as well. The expansion of European management abroad in the form of colonies was supported by the state and merchants, who expected to increase their wealth and power as an outcome. It had taken just about a century following the successful expeditions of Portugal around Africa and Spain westward across the Atlantic for other European states to be a part of the Atlantic project. They did so by setting up colonies that displayed their passions. Other than using trade to assist the economy, the governments worked with the merchants to construct their economies to maximize the wealth of their nations. The taxes paid for by the merchants helped acquire the military and bureaucracies of the European nations. When Americas was founded, not only did gold and silver come into Europe, but food products did as well, such as: potatoes, yam, corn, and tomatoes. These new items were simpler to grow, which meant that the development of food was cheaper than it was before and less labour was needed. Europe’s population and how much land surface it

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