Globalization In 1450
Throughout history, many innovations were fueled by the motivation to better a nation's military power and navigation. The importing of bullion creates an influx in wealth for any country and when the Spanish started importing bullion, their navigation has increased to not only look for gold but to also continue importing that item. Also, the dependence of military power is vital because many countries will not to steal valuable items such as gold. Prior to 1450 there were fledgling monarchies and Europe was just transforming to statehood, but with the influx of bullion it caused their military, economy and navigation thrived. Technological developments fueled the passion for the exploration of the new world, which resulted in the strengthening
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When gold and silver was found in the new world, the Spanish sprung upon the opportunity. The early conquistadors were interested mainly in gold, but the silver mining industry escalated to the chief source of metallic wealth. Noticing the escalation of the silver market, the Spanish held a monopoly on the production and sale of mercury, which is necessary in the smelting process. This led to a strong economy since the government was monopolizing necessary products for god and silver mining. As well as gold and silver, the Columbian Exchange largely assisted in the betterment of national economies. It transferred crops, animals and technologies between Europe and America in the 15Th and 16Th centuries. This allowed for different markets to open in both Europe and the new world, opening new economic doors for nations in Europe. With all the trading and moving of goods from the new world to Europe, the industry of shipbuilding is vital to ensuring that the goods move. The Dutch East Indies Company did very well during this time due to their involvement in trade and shipbuilding. It had thousands of ships that were used to bring goods to and from Europe. It also had its own private military which insured the ships arrived at their destination. This benefits the economy as it creates jobs and opens new
When gold and silver was found in the new world, the Spanish sprung upon the opportunity. The early conquistadors were interested mainly in gold, but the silver mining industry escalated to the chief source of metallic wealth. Noticing the escalation of the silver market, the Spanish held a monopoly on the production and sale of mercury, which is necessary in the smelting process. This led to a strong economy since the government was monopolizing necessary products for god and silver mining. As well as gold and silver, the Columbian Exchange largely assisted in the betterment of national economies. It transferred crops, animals and technologies between Europe and America in the 15Th and 16Th centuries. This allowed for different markets to open in both Europe and the new world, opening new economic doors for nations in Europe. With all the trading and moving of goods from the new world to Europe, the industry of shipbuilding is vital to ensuring that the goods move. The Dutch East Indies Company did very well during this time due to their involvement in trade and shipbuilding. It had thousands of ships that were used to bring goods to and from Europe. It also had its own private military which insured the ships arrived at their destination. This benefits the economy as it creates jobs and opens new