The European Economic Evolution after the Discovery of America

881 WordsJan 28, 20184 Pages
During the 1500’s and 1600’s Europe was dominating and taking control of Asia’s international trade market. Due to that take over, Europe became stronger while the Asian empires became weaker and weaker. By the 1800’s Europe was in the position of authority over much of Asia, which included the Indian subcontinent. In the mid and late 1700’s, Europe saw a rise in capitalism and became a strong nation armed with efficient military machines which allowed them to grow in power across the world. By 1800, European colonies and culture had expanded to slightly over 35% of the world. The European’s believed that they were expanding due to their "three G's": God, gold, and glory. But in reality Europe was expanding due to its ties with the different nations. Gold and silver were being exchanged and provided by colonies in South America. West African colonies provided slaves to work in the Caribbean sugar plantations which produced sugar, what they called “white gold” to be used in their markets for trade. North America and India provided the European government with raw materials and markets for trade. Unfortunately, many of the resources sought by Europeans were unnecessary luxuries or material items such as bananas, coffee, and African palm oil used for soap. As the European industries grew more diverse in the 1800’s, their needs for particular resources such as oil and rubber that could not be found in Europe grew as well. The 1860's were very troubling times for
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