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Traders in the 1400s became wealthy primarily through the lucrative spice trade, which connected Europe with Asia via established overland and maritime routes. They capitalized on high demand for exotic goods like spices, silk, and precious metals, often marked up significantly upon reaching European markets. Additionally, the rise of mercantilism encouraged exploration and the establishment of new trade routes, leading to increased profits for traders willing to take risks in distant lands. The establishment of trading companies and monopolies further facilitated wealth accumulation in this era.
What else can I help you with?
Did slave trade become a main source of wealth for Spain in the 1400s?
no it did not
How are small farmers in grip of local traders?
farmers are in grip of local traders as as they are powerful and they can give loans to small farmers for illness,children school fees, cultivation etc.In exchange they get cotton or tell the farmers to weave clothes and then the local traders sell it to the powerful traders by:Gamak sahani school:cps mundra std:7
How did songhai empire become rich?
The Songhai Empire became rich primarily through its control of key trade routes across West Africa, particularly those involving gold, salt, and other valuable commodities. Its strategic location along the Niger River facilitated commerce, enabling the empire to tax traders and merchants. Additionally, the empire's cities, such as Gao and Timbuktu, became vibrant centers of trade, culture, and education, attracting scholars and traders, which further enhanced its wealth and influence. The Songhai's military strength also helped protect and expand its trade networks.
What is the revival of Greek and Roman culture and the economic growth of the Italian city-states in the 1400s known as?
European Renaissance
What are unscrupulous traders?
unscrupulous traders are those,their works copying someone works behind his back,these traders produce substandard quality of product and charge high,they don't care their employees health,dirty water comes from their factory after production process are not secure,,,,
Why was Africa rich in the 1400s?
Fire truck
What were the ways that the people of the continents interacted with each other in the 1400s?
In general, the people of the continents interacted with each other through trade and exploration during the 1400s. Traders took ships from one continent to the next in search of valuables.
How did Nubians become famous traders?
Because they have silt,rich soil,gold,stone and copper to sell that is why they are famous traders.
How did Kilwa become the wealthiest and most powerful city state of East Africa's coastal region in the 1300s and 1400s?
By being located in an area that traders could reach in a single monsoon season
How did kilwa become the wealthiest and most powerful city-state of east Africa's coastal region in the 1300s and 1400s?
By being located in an area that traders could reach in a single monsoon season
Did people become rich by selling slaves?
Yes the kings of the African tribes on the West Coat of Africa became very rich by selling slaves they had captured to the slave traders.
How was trade between Europe and Africa before the 1400s different from trade between those continents between the 1400s and the 1700s?
Trade between Europe and Africa before the 1400s was indirect. Between the 1400s and the 1700s, it was direct.
How was trade between Europe and Africa Before the 1400s different from trade between those continents between the 1400s and 1700s?
Trade between Europe and Africa before the 1400s was indirect. Between the 1400s and the 1700s, it was direct.
How was trade between Europe and Africa before the 1400s different from trade between those continents between 1400s and the 1700s?
Trade between Europe and Africa before the 1400s was indirect. Between the 1400s and the 1700s, it was direct.
What kind of jobs did the early Greeks have?
if they were poor usually traders or farmers but usually slaves. if they were rich soldiers or military people
Who lived in the great plains in the 1400s?
The Native Americans lived in the great plains in the 1400s.
Where was Edward the Fourth imprisoned in the 1400s?
Edward the Fourth was imprisoned in The Warwick Castle in the 1400s.
