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Summary of European Maritime Expansion: Mercantilism

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History

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European Maritime Expansion: Mercantilism

Goals

1. Identify the economic and commercial factors that led to the Age of Exploration.

2. Examine the pioneering role of Portugal and Spain in maritime expansion.

3. Understand the impact of the Age of Exploration on global trade.

Contextualization

The Age of Exploration, spanning from the 15th to the 17th centuries, represents a pivotal moment in global history. It opened up new trade routes and saw the establishment of colonies across the world. Portugal and Spain were leaders in this expansion, leveraging advancements in navigation technology and a keen understanding of ocean currents and winds. The thirst for spices, gold, and other treasures pushed these nations to brave new territories, forever changing the course of history. For instance, the development of the caravel—a swift ship that could sail against the wind—was vital for successful Portuguese voyages. Christopher Columbus, backed by Spain, arrived in the Americas in 1492, mistakenly thinking he had reached Asia.

Subject Relevance

To Remember!

Economic and Commercial Factors

The quest for new trade routes to obtain spices, gold, and other valuable goods marked the economic backdrop of the Age of Exploration. During this time, Europe's economy was expanding, spurring high demand for Eastern products like spices, silk, and porcelain, which were not readily available on the continent. Additionally, overland routes were perilous and lengthy, which spurred the search for maritime alternatives.

  • The high demand for spices and Eastern products fueled exploratory efforts.

  • Overland routes were long and risky, often controlled by middlemen, inflating costs.

  • The desire for new wealth drove European nations to venture into uncharted territories.

Pioneering Role of Portugal and Spain

Portugal and Spain's geographical advantages and royal backing made them trailblazers in the Age of Exploration. Portugal, led by Prince Henry the Navigator, invested in navigation technology and the exploration of Africa's coastline. Spain financed major expeditions like that of Christopher Columbus, resulting in the discovery of the Americas.

  • Portugal was at the forefront of navigational advancements and coast exploration.

  • Spain sponsored landmark voyages like Columbus's.

  • The strategic locations of both nations gave them easy access to the Atlantic.

Impact of the Age of Exploration on Global Trade

The Age of Exploration significantly transformed global trade by establishing new trade routes that interconnected continents. This era saw the exchange of not only goods but cultures and ideas—often referred to as the 'Age of Discovery.' Economic globalization began to emerge, with Europe sitting at the heart of a vast trading network linking America, Africa, and Asia.

  • New trade routes established connections between continents.

  • Exchange of goods, cultures, and ideas became commonplace.

  • The emergence of economic globalization with Europe at the core of trade.

Practical Applications

  • The development of modern navigation technologies, like GPS, has its roots in the advances made during the Age of Exploration.

  • Today's global logistics and transportation systems build upon principles rooted in historical maritime expeditions.

  • Current international trade, involving the movement of products between continents, is a continuation of practices that began during this era.

Key Terms

  • Age of Exploration: A historical period from the 15th to 17th centuries marked by maritime exploration.

  • Mercantilism: An economic system focused on accumulating wealth, particularly through a favourable trade balance.

  • Caravel: A type of nimble ship essential for Portuguese expeditions, allowing sailing against the wind.

  • Cape of Good Hope Route: A vital maritime route connecting Europe to the East via the southern tip of Africa.

  • Logistics: The efficient planning, transportation, and storage of goods, practices that were refined since the Age of Exploration.

Questions for Reflections

  • How do the technological innovations from the Age of Exploration still influence our lives today?

  • In what ways did the global trade initiated in this era shape modern economic relations between continents?

  • What comparisons can be made between the exploratory initiatives of Portugal and Spain and today’s technological advancements?

Spice Route

This mini-challenge aims to highlight the significance of trade routes established during the Age of Exploration and their influence on global trade.

Instructions

  • Research the major trade routes from the Age of Exploration, including the Cape of Good Hope Route and the Route to the Indies.

  • Create a map marking these routes and key trading points.

  • Identify the most valuable goods traded on these routes and annotate them on your map.

  • Write a brief explanation on how these routes impacted global trade and the European economy at that time.


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