believed that the best way to describe the theory is by using numerical values. In his example Ricado used two countries‚ England and Portugal. The goods being produced are cloth and wine. Ricardo assumed that Portugal was more productive in producing the two goods. Ricardo then went on to explain that if England specialized in producing one of the two goods‚ and if Portugal produced the other‚ then the total output of the world would rise. The countries should choose the product that they want to specialize
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Vasco da Gama was born around 1460 in Sines‚ Portugal. Vasco’s father was a knight and an explorer. When he was old enough he decided to join the navy‚ where he was taught how to navigate. Vasco later followed in his father’s footsteps and began to command ships in the king’s name. Little is known about his early life but‚ in 1492‚ Vasco solidified his reputation as a sailor when King John II of Portugal sent him to Lisbon and the Algarve to seize French ships as a sign of vengeance against the French
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allowed them to take care of the matter to prove that. Spain and Portugal had negotiated the treaty of Tordesillias. In this treaty the two countries split the western world into two parts where Spain can have one half and Portugal the other. In the newer version of the treaty‚ the line that split the land was moved in favor of Portugal. On that land‚ missionaries had already set up missions. To better the economy for Portugal‚ the Spanish Church was sent in to get the Jesuits out. The would
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wouldn’t be the biggest power anymore * Less naval power * England feels like there’s no choice but to go to war to stop Philip * The War of the Spanish Succession (1702 – 1713) * France and Spain vs. England and Portugal * Portugal gets a guarantee that they wont be taken over by Spain * England wins * Treaty of Utrecht (1713) * (Philip will still be king of France) * No union of Spain and France * Gibraltar and Minorca
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tortured to death or burned at the stake. Portugal‚ one of the all mighty Iberian Sates‚ was in a hard-hitting competition with Spain‚ another Iberian State. According to the textbook‚ Portugal was losing manpower and resources needed to control a vast empire of three continents. Spain on the other hand‚ depleted their newfound wealth on wars and other unnecessary things when they should have been developing their economy (Wallbank et al.482). Portugal and Spain were battling for greatness‚ immortality
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countries that have some commonality in location and economic environments. In this case‚ PIIGS includes Portugal‚ Italy‚ Ireland‚ Greece and Spain. The countries which be mentioned are all part of European Union members and have been noted for having weak economics and bad situation of financial problems. In 2008‚ economic crisis came to all over the world‚ during the worldwide economic crisis‚ Portugal‚ Italy‚ Ireland‚ Greece and Spain began to come out the grave and serious concern in the European Union
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money for goods. Africa begins doing business with Portugal as well as with the Middle East; Europe’s more superior technology subordinates the dominance on trade that Middle Eastern countries had for centuries. Trade dominance shifts from Arabian rule to Portuguese rule in the 15th century‚ and then later to Dutch and British rule in the 16th century; technological advances throughout this period make business and exploration more efficient. Portugal continues to control the key trading ports in the
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Little did the people of Europe know that the sixteenth century would be the start of something that would change their lives forever; the discovery of the Americas. The encounter caused the economic power in Europe to shift from the Mediterranean to the Atlantic‚ causing effects such as the Price Revolution in Spain‚ which increased the power of the middle class‚ and the Columbian Exchange which spread goods from the Old and New World. Prior to the encounter with the Americas‚ the economic power
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Jordan. His expedition led him back to Sierra Leone and the Azores. Then Vespucci‚ through a letter to Florence‚ called New World. He sailed again for Portugal to Brazil‚ but he didn’t really discover anything. His whole group broke up and the commander’s ship disappeared. He continued by passing a little through Bahia before going back to Lisbon‚ Portugal in
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The division of the world for colonization in 1494 by Pope Alexander VI. The finalization in 1506 of the Treaty of Tordesillas establishes a vertical North-South line granting territories to the west to Spain and to the east to Portugal. The line was at 46 degrees 30’ W‚ 370 leagues west of the Cape Verde Islands off the west coast of Africa. Some confusion over whether the line continues to the other side of the world‚ not to mention the impossibility of determining longitude at the time. The
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