ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The newly acquired land and the growth of crops
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Europe’s new wealth and growth of overseas trade
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Newly acquired humanists and the growth of philosophers
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Newly acquired seeds and the growth of trees
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Detailed explanation-1: -What was one reason for the growth of trade in Europe? European cities were located on trade routes. How did merchants and bankers use their increased wealth in a way that contributed to the Renaissance? They ordered and paid for new buildings and art.
Detailed explanation-2: -European countries subjugated a number of other countries to acquire raw materials for their factories. The conquered countries were called colonies. Colonies are countries whose resources are used for the benefit of another country. Thus, the European colonists became wealthy by exploiting their colonies.
Detailed explanation-3: -Europeans wanted the power and resulting wealth that would come from controlling trade. Finding all-water routes to Asia and its riches would allow European merchants to cut out Middle Eastern middlemen and reap all the profits of eastern trade. Some Europeans were also eager to spread Christianity to nonbelievers.
Detailed explanation-4: -Overview. Historians generally recognize three motives for European exploration and colonization in the New World: God, gold, and glory.