how exploration led to capitalism
how exploration led to capitalism
The expansion of the consumer market during the commercial revolution.
There were multiple most powerful countries in Europe during the Golden Age of Exploration. They included Spain, France, and England.
Europe became capitalist during the fall of feudalism.
The early development of capitalism and banking began in the late Middle Ages, primarily in the 15th century, and continued to evolve during the 16th and 17th centuries. This period saw the emergence of merchant banking, trade expansion, and the establishment of financial institutions that laid the groundwork for modern capitalism. The rise of trade, exploration, and the accumulation of wealth contributed significantly to these developments.
no
There was never capitalism in Europe in the Middle Ages. Capitalism is a modern idea and developed in the 20th century. The Middle Ages were a feudal society where only one percent of the population were in control and everyone else worked for them.
the decline of agricultural economies
The so-called Age of Exploration was a period from the early 15th century and continuing into the early 17th century, during which European ships were traveled around the world to search for new trading routes and partners to feed burgeoning capitalism in Europe. A final result of exploration was a new economic policy called mercantilism. European rulers believed that piling up wealth was the best way to build their countries' power. For this reason, they tried to reduce the things they bought from other countries and increase the items they sold.
It made Europe increasingly dependent on Africa for trade.
THEY CONTRIBUTED MEN ,ARMS,SUPPLIES,TRANSPORTATION
No