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In what way did expansion and global trade during the 15th to 18th centuries affect the economies of European countries?
Wiki User
∙ 7y ago
"many governments legalized trade monopolies and placed regulations on private merchants."
Explanation:
Global trade came to completely change the way countries relations with one another, it also affected the social distribution of work, and the distribution of welth and access to resources, so many governments had to step up and take action to regulate private relations of trade, taxes and laws to regulate monopolies even though they were allowed under the law. The expansion of trade allowed a big economical growth however not for all citizens, only for few, as it also helped set the basis for the inequality crisis nowadays.
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