FIRST CONTACTS 28000 BCE 1821 CE
THE COLUMBIAN EXCHANGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Demand for manufactured goods in the Americas increased wages paid to workers.
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The large supply of resources from the Americas led to an increase in trade.
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Either A or B
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None of the above
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Detailed explanation-1: -The large supply of resources from the Americas led to an increase in trade. This is why the European economies grew during the 1500s . This also led to the founding of the New World. Hence, option B is appropriate.
Detailed explanation-2: -The rise of Western Europe after 1500 is due largely to growth in countries with access to the Atlantic Ocean and with substantial trade with the New World, Africa, and Asia via the Atlantic.
Detailed explanation-3: -Why did European economies grow during the 1500s? The large supply of resources from the Americas led to an increase in trade.
Detailed explanation-4: -History of Mercantilism. First seen in Europe during the 1500s, mercantilism was based on the idea that a nation’s wealth and power were best served by increasing exports and limiting imports. Mercantilism replaced the feudal economic system in Western Europe.
Detailed explanation-5: -Europe achieved world hegemony in the years after 1500 A.D., primarily due to technological advancements, scientific research, political development of nations with stable succession and continuity, and a culture dominated by Christianity.