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Behind this change was a decisive shift in Europe's early commercial revolution. Expanding foreign trade, new products, an increasing supply of bullion, and rising commercial risks created new problems, calling for energetic initiatives. During the sixteenth century the Spanish and Portuguese had depended upon quick profits, and because of weak home industries and poor management, wealth flowed through their hands to northern Europe, where it was invested in productive enterprises. Later, this wealth generated a new imperial age

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Q: What were expansion policies of Europe?
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