Explain How European Exploration Changed Its Economy

The norther colonies were societies of people escaping religious persecution in Europe who aimed to establish independent settlement. Their economies did thrive off the slave based industries of the south by capitalizing on the demand for maritime services, shipping and merchandising. There economy was sustained by the selling of timber and foodstuffs to the West Indies. It was these slave based colonies which produced the first mass consumer markets of sugar, tobacco and cotton. Eric Williams suggests that the profits that arose from these slave based colonies was essential to the Industrial Revolution.

Some of the innovations that occurred during this time were things like the invention of the flying shuttle and the spinning jenny. James Watt took Thomas Newcomen’s

The rush to colonize Africa was motivated by many factors, economics being the main component. Europe 's interest in Africa drastically increased in the 19th century. Many events explain Europe 's increased involvement in Africa and while Europe was facing many problems during the time, they were still able to advance and grow as a whole. Europeans began to colonize African nations in order to make a profit and to maintain both economic and political power over other countries. The timing was almost perfect because of new advancements and previous European explorations.

(James A. Henretta, Rebecca Edwards, Robert O. Self, 2011, pg. 256, para.3). The significance of this quote is that we then see slavery reappear again in the South and slavery becomes a major reliance for the South’s economy. The market revolution was also important in changing the economy. Cities and towns began to increase along popular trading areas, this is because people wanted to be where the jobs were. The Market Revolution changed labor systems, the population and transportation.

Lastly, the colonies helped Europe because they spread European ideas to a large audience, which ties in with

Spain ​ Spain wanted to colonize America so they could build their empire, create additional trading ports and routes, to expand their military control, and to convert the native people to their religious beliefs. Spain explored america to look for gold. Spain also wanted adventure. Since Spain followed the mercantilism economic method, it damaged local industry, restricted trade, prohibited manufacturing and slowed down town growth in order to create economic environment. This is why Spain was had a huge advantage.

The steam engine and locomotive had major effects on europian economy, and society. Some were good, and some were bad, as these major technological breakthroughs transformed European Society. Even today economics are present due to the impact peter coopers inventions had back then, which is why they are such big turning points in history. The railroad rapidly spread and quickly improved transportation by making it much faster. The railroad created new jobs, which made people have to move to the cities of london to find work.

Imperialism in the late nineteenth century was sparked from the rise of industrialization throughout the world and the competition for new territory. Modernized countries took advantage of uncivilized nations in order to utilize their available resources and to compete with their civilized counterparts. Western imperialist countries in the late nineteenth century exploited periphery countries and hindered them economically and human-environmentally for the purpose of their own wealth and benefit, despite some arguments that outline a mutually beneficial global economy from imposing a strong, powerful government in these unstable places in order to control and maintain the chaotic behavior of the natives. By using the India and Congo case studies,

Economically this occurred because Africa is rich in resources such as gold, diamond, and other minerals. So basically what this “Scramble for Africa” was the competition between European powers for colonies in Africa. The availability of raw materials and labor meant that most of Africa was invaded and divided up. The Berlin Conference of 1884 regulated European colonization

The Europeans did not capture these slaves; instead, African rulers provided these slaves mainly captured from warfare among African nations to expand their territories. For example, Benin sold captives to the Portuguese in the late 15th century during their military expansion. Specialist African and Afro-European slave dealers sold them to the Europeans. Not only did the African rulers make a great fortune through the slave trade, the European merchants also profited from the triangular trade, which in turn financed the capitalist factory system of the European industrial revolution.

Slave were imported because there are new crops were discovered in New World like tobacco and sugar. As a result, slavery increased the status and wealth of the plantation owners. 　　　　 When the New World was discovered, many new things were being introduced to the Europeans like new races of people, new cultures and religions, new animals and

Further exhibits in the museum state how the slave trade affected Britons at home. One exhibit shows how slavery brought new ways to show off wealth and power by purchasing slave produced products such as sugar. The wealthiest families were able to go a step further by boasting the ownership of an exotic African slave in their home. Therefore, within the gentry and aristocratic families, slavery brought a new way of being socially advanced and superior. However, the more important effect of slavery in Britain was the effect which slave traders’ profits had on the economy.

Cronon’s final conclusion and overarching theme in Changes in the Land was that the ecological alterations made between the 1600’s and 1800’s were directly related to European settlement. I agree with the conclusion made by Cronon because Cronon conveys through his book that the European colonists were greatly motivated by money and used the land as if there was a “limitless availability” (Cronon 169). The land in New England in the eyes of the colonists was simply “a form of capital” (Cronon 169), a way to make a profit leading them to overuse the resources, greatly altering the ecology and depleting resources. The majority of the information in Changes in the Land, and our textbook, Experiencing History: Interpreting America’s Past are equivalent, but it is rather evident that the information is conveyed through different lenses.

Mercantilism is a way to increase the country’s treasury by creating a favorable amount of trade. Mercantilism had the government taxing all the trade they traded, they gained more power from wealth and also gained a favorable balance of trade, they had many raw materials to provide from in America, and overall the colony provided a market of goods for trading. Roanoke number

After the XVI century, Europe had a resurgence that allowed their nations to explore the world. European nations looked for how to extend its political and military power among the world. However, economic power appears as an important matter for the Empires´ maintenance and hence, trade appeared as a tool to create such Economic control. European Empires found opportunities to develop trade in Asian countries that faced instability. Developing political agreements in order to establish monopolies was the initial stage for future trade companies’ economic expansion.