0
Exploration significantly expanded trade routes, leading to increased exchanges of goods, ideas, and cultures between distant regions. The discovery of new lands, particularly during the Age of Exploration, facilitated the trade of valuable commodities such as spices, gold, and textiles, ultimately stimulating economic growth in Europe and beyond. Additionally, the establishment of colonial empires created new markets and resources, further intertwining global economies. This shift not only transformed trade patterns but also laid the groundwork for modern globalization.
What else can I help you with?
What are the effect of international finance on domestic trade?
What are the effect of international finance on domestic trade?
What was Portugals economy based on in the 1400s?
In the 1400s, Portugal's economy was primarily based on maritime trade, exploration, and agriculture. The country became a leading maritime power, establishing trade routes to Africa, Asia, and the Americas, which facilitated the exchange of goods such as spices, gold, and sugar. Additionally, the cultivation of crops like wheat and grapes, along with fishing, played significant roles in supporting the economy. The wealth generated from these activities helped finance further exploration and the establishment of a global trade network.
Why did the interest in trade increase during the renaissance?
it helped expand trade and interest in overseas exploration i think ...........
How did mercantilism effect the age of exploration?
Mercantilism significantly influenced the Age of Exploration by driving European nations to expand their territories and seek new trade routes. This economic theory emphasized the accumulation of wealth through a favorable balance of trade, prompting countries to establish colonies for resource extraction and markets for their goods. As nations competed for dominance, explorers ventured into uncharted territories, leading to the discovery of new lands and the establishment of global trade networks. Ultimately, mercantilism fueled both exploration and the subsequent exploitation of indigenous populations and resources.
What were the effects of trade in the renaissance?
The effects of trade has an effect on the economy and the government.
What effect did the fur trade have on the exploration and develop Canada?
The fur trade affected the development of Canada's provinces.
What were some of the effect of the exploration of the west in the 1800s?
The answer is Accurate Maps, Growth of fur trade, and Mistaken view of Great Plains
How did ottoman capture of Constantinople motivate the age of exploration?
It prevented Europeans from accessing land-based trade routes to Asian markets.
How did the ottoman capture of Constantinople motive the age of exploration?
It prevented Europeans from accessing land-based trade routes to Asian markets.
What was the effect of European exploration on global interactions in the 15th century?
What was the effect of European exploration on global interactions in the fifteenth century
What was the connection between trade and exploration?
trade and exploration are the same beacausethey are both are doing good deeds and they are both doing something for someone
Why was exploration important?
Exploration was important because they explored to claim land or in other words to expand. They knew there were more lands out there but they needed to find it. Another purpose of exploring was for map making.
How did exploration and trade contributed to the growth of capitalism in Europe during this time?
how exploration led to capitalism
How exploration and trade contributed to the growth of capitalism in Europe during this time?
how exploration led to capitalism
When was the beginning of sea exploration for trade purposes?
1400s
How did the growth of nation states affect the age of exploration?
how did strong nations effect the age of exploration
How did trade in technology play in important role in the growth of exploration?
trade played an important part in growth of exploration because it helped them get places faster and know the rite route.
