Mercantilism encouraged exploration by promoting the acquisition of colonies to exploit resources and create new markets. Colonies provided raw materials and valuable commodities that could be traded with the mother country, resulting in economic growth. Explorers were funded by governments to discover new territories and establish trade routes to expand their empires and increase wealth.
Exploration and colonization were influenced by social changes like the desire for wealth, power, and religious expansion, as well as technological advances such as improved shipbuilding and navigation tools. Mercantilism and economic changes played a significant role in encouraging nations to seek new trade routes and territories to increase their wealth and resources. This led to the establishment of colonies for raw materials and markets, shaping the patterns of exploration and colonization.
Mercantilism was an economic theory prevalent in the 16th to 18th centuries that promoted government control of trade to increase national wealth. It played a significant role in exploration by driving countries to establish colonies to access raw materials, establish markets for finished goods, and secure sources of wealth such as gold and silver. This led to an era of maritime exploration and expansion as European powers sought to dominate global trade routes.
Factors that could encourage further exploration and colonization of the new world include the discovery of valuable resources such as precious metals, new trade opportunities, availability of fertile land for agriculture, potential for religious freedom, and political motivations to establish power and influence in new territories.
Mercantilism influenced colonies by requiring them to serve as suppliers of raw materials to the mother country and as markets for its finished goods. This economic system led to the exploitation of colony resources and limited their ability to trade with other nations. It also fueled tensions between colonists seeking economic independence and royal authorities seeking to maximize profit.
it was mainly the ambition of them gaining more power. this was only possible through ownership of other territories; therefor, colonization was the key. also, they wanted to export more and import less. :)
fu
because trading was happening
the goal of every nation was to become as wealthy as possible
they were adventurous.
Henry the Navigator
I believe the answer is mercantilism, which emerged during the early sixteenth century in the dawn of the Age of Exploration. Mercantilism is a political and economic policy seeking to advance a state above others by accumulating large quantities of precious metals and by exporting in large quantity while importing in small. http://www.thefreedictionary.com/mercantilism
Mercantilism
hustin is a big city so thts how they did it
Principles of mercantilism are that the government must encourage exports that will bring in more gold or silver and discourage imports. Also, manufacturers should be the choice for exports because increased value from labor and monopoly will occur.
Mercantilism is based on the idea that a nation's power stems from its wealth, which encouraged the acquisition of natural resources and developing trade in North America.
Mercantilism is based on the idea that a nation's power stems from its wealth, which encouraged the acquisition of natural resources and developing trade in North America.
When the people went to explore, they found spices, plants, animals, and food. So these items led to producing a market economy, supply and demand, capitalism, and mercantilism.