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How did the idea of mercantilism lead to the age of exploration?
Wiki User
∙ 12y ago
because trading was happening
Wiki User
∙ 12y ago
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What is the concept of European mercantilism during the age of exploration?
fu
What economic system grew as a result of exploration and trade?
I believe the answer is mercantilism, which emerged during the early sixteenth century in the dawn of the Age of Exploration. Mercantilism is a political and economic policy seeking to advance a state above others by accumulating large quantities of precious metals and by exporting in large quantity while importing in small. http://www.thefreedictionary.com/mercantilism
How did the Renaissance lead to trade and a commercial revolution?
The Renaissance ushered in the Age of Exploration, which played a large role in the expansion of trade and the Commercial Revolution. Because of discovery voyages and acquisitions, Europeans were able to expand trade networks and increase their world power through empires.
The Age of Exploration helped set the stage for the development of the free market economy in Western Europe and in America?
true
What did mercantilists believe that a country had to do to become wealthy and powerful?
Mercantilism is the idea that there is only a limited amount of wealth in all the world. During the Age of Exploration (1492-1700), Europeans set out to conquer other places in the world so all that wealth will become theirs and they could rule as the most powerful. Mercantilists believed that to become wealthy and powerful, a country had to export more than it imported. Brenda G. During the age of Mercantilism even small countries such as the Netherlands and Portugal became world powers from the increase in trade, exploration and exploitation of natural resources. This wealth created by a positive balance of trade enabled these, and other countries to become military powers as well, relative to their landlocked neighbors and the undeveloped regions they exploited. The political economy was based upon the simple premise to "buy low and sell high", as resources like gold in the Americas or spices from the East were obtained cheaply and sold in Europe for a larger amount. This practice was brought about by advances in marine technology and ship building in the 15th century. But as countries like Great Britain refined products like wool, cotton, wood, etc. via technological advances and financial innovations associated with Capitalism, those countries that relied on Mercantilism, that benefited the aristocracy in particular, nations like Spain and Portugal began to decline by the 18t century.
What is the concept of European mercantilism during the age of exploration?
fu
In what way did the Crusades lead to the age of exploration?
they caused the age of exploration because when they found the new trade route to India and china it showed the age of exploration. Remember they accidently found America!!!
What economic system grew as a result of exploration and trade?
I believe the answer is mercantilism, which emerged during the early sixteenth century in the dawn of the Age of Exploration. Mercantilism is a political and economic policy seeking to advance a state above others by accumulating large quantities of precious metals and by exporting in large quantity while importing in small. http://www.thefreedictionary.com/mercantilism
What two countries were the first to lead in the age of exploration?
Spain and Portugal began to sail the world in exploration the 15th century.
How did the age of exploration lead to the renaissance?
because of the trade of goods during the renaissance
How did the renaissance lead to the age of exploration?
because of the trade of goods during the renaissance
Which situation was not a motivating factor for the age of exploration?
Explorers wanted to spread the idea of the Enlightenment
Why was Bartholomeu Dias's exploration imortant in history?
Bartholomeu Dias was famous for being the first European to lead a voyage around the Cape of Good Hope. His exploration was also the first of the age of exploration. This lead to a new route to India. There were two explorers who lead explorations passed the Cape of Good Hope after that, in the Age of Exploration. Those two explorers, who were both sailing from Portugal, were Vasco da Gama, in 1497, and Pedro Álvares Cabral
When was mercantilism popular?
Mercantilism was an economic theory popular in Europe during the Age of Exploration. It related to world exploration, establishing colonies in other lands, and protecting industry in the European country. Mercantilism can be summarized as follows.A country's wealth is based on the amount of gold and silver it hasA country increases its silver and gold by selling more goods to other countries that it buys for themThe government regulates all foreign trade (imports and exports) so more gold and silver enter the country than leave it.
How did new inventions impact the age of exploration?
It didnt impact the age of exploration
What two items launched The Age of Exploration?
What two items launched The Age of Exploration?
What changed the age of exploration?
The Age of Exploration ended when the undiscovered lands had been discovered.
