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European countries received wealth from the New World. They had new cash crops, lots of land
European countries received wealth from the New World. They had new cash crops, lots of land, and established several slave colonies.
Poor economic conditions in Europe, the hope and dream of land and property ownership in the New World and the possibility of accumulating wealth and status.
economic growth and new wealth changed business in Europe because more people had wealth, they started buying more manufactured goods
Prosperity
for the wealth
Spain's wealth acquired from the New World was considered to be a mixed blessing due to the speed at which the wealth was acquired. Spain gained its wealth so quickly, the result was massive inflation for ordinary Spaniards.
old world
Many poor people got to the New World from Europe by becoming servants. They figured to be a servant in the New World would be better than what they had in their world.
Many poor people got to the New World from Europe by becoming servants. They figured to be a servant in the New World would be better than what they had in their world.
It brought about a redistribution of wealth and brought a new class of European to the fore front.
the Old World and the New World Europe and the Americas