Capitalism

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Age of Exploration

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Capitalism

Definition

The Age of Exploration refers to a period from the late 15th century to the early 17th century, characterized by European nations embarking on global voyages to discover new lands and establish trade routes. This era was driven by advancements in navigation and shipbuilding technology, as well as economic motivations like the pursuit of wealth through trade and resources. It fundamentally altered global dynamics, leading to the establishment of colonies and the rise of mercantilism as European powers sought to accumulate wealth and expand their influence.

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5 Must Know Facts For Your Next Test

  1. The Age of Exploration saw key figures like Christopher Columbus, Vasco da Gama, and Ferdinand Magellan undertaking significant voyages that connected Europe with the Americas, Africa, and Asia.
  2. This period was marked by fierce competition among European powers such as Spain, Portugal, France, and England as they sought to claim new territories and control lucrative trade routes.
  3. The discovery of the Americas not only opened up vast new lands for exploration but also led to the exploitation of resources and indigenous populations.
  4. Technological innovations such as the astrolabe, compass, and improved ship designs like the caravel played crucial roles in enabling long-distance sea travel.
  5. The Age of Exploration laid the groundwork for the emergence of mercantilism as nations sought to regulate their economies by controlling colonial trade and resource extraction.

Review Questions

  • How did advancements in technology influence the voyages undertaken during the Age of Exploration?
    • Advancements in technology such as the development of navigational tools like the astrolabe and compass allowed explorers to sail farther and more accurately than ever before. Improved ship designs, particularly the caravel, enabled longer voyages across oceans. These innovations were essential in facilitating European exploration of distant lands, contributing to the establishment of new trade routes and colonies.
  • In what ways did mercantilism shape the economic motivations behind the Age of Exploration?
    • Mercantilism shaped economic motivations by encouraging European powers to seek out new territories rich in resources that could be exploited for profit. Countries aimed to create a favorable balance of trade by establishing colonies that would supply raw materials to the mother country while serving as markets for finished goods. This drive for wealth through trade significantly influenced the actions and policies of nations during the Age of Exploration.
  • Evaluate the long-term impacts of the Age of Exploration on global trade patterns and cultural exchanges.
    • The Age of Exploration had profound long-term impacts on global trade patterns by establishing new trade routes that facilitated the exchange of goods between Europe, Africa, Asia, and the Americas. This interconnectedness led to significant cultural exchanges as people, ideas, and technologies were shared across continents. However, it also resulted in negative consequences such as colonization, exploitation of indigenous populations, and the spread of diseases that devastated native communities. Overall, this era reshaped not only economic systems but also cultural landscapes worldwide.
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