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Analyze the changes in the European economy from about 1450 to 1700 brought about by the voyages of exploration and colonization.
European economy had several changes after the age of discovery. In Spain, there was an inflation of the price, which declined its economy. In Netherlands, they established West and East Indies Company, which improved Netherlands' economy. In Portugal, the economy improved because of flow of gold into the Portugal.
Spanish explorer found gold mines in Zactecas and Guanajuanto and Potosi. As a result, huge amount of gold and silver poured in to Spain. At the same time, there was an increase in population, and there was a huge demand for food. Spanish colonies also demanded for food, so the demand for food increased even more. Consequently, Spanish product could not compete in international market. Then we got inflation and a decline in Spanish economy. Price revolution stabilized Spanish economy, which was lead by peasants.
Netherlands......
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Title: Ap Euro
Approximate Word Count: 282
Approximate Pages: 2 (250 words per double-spaced page)
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