Economic Impact of European Exploration

The video explores the Age of Exploration, focusing on European motives such as trade, wealth, and spreading Christianity. It highlights key figures like Prince Henry and Columbus, and the impact of Portuguese and Spanish explorations. The Spanish conquest significantly affected the Americas, leading to economic changes in Europe, including the rise of capitalism and market economies.

What was one of the primary motives for European exploration during the Age of Exploration?

• To establish trade routes to Asia

• To escape from Europe

• To discover new continents

• To find new species of animals

Which country was a pioneer in early exploration, particularly under the guidance of Prince Henry the Navigator?

• Portugal

• Spain

• Italy

• France

What was a significant outcome of Christopher Columbus's voyages?

• Establishing trade with Japan

• Discovery of a sea route to India

• Revealing the existence of the Americas

• Finding a new route to Australia

How did the Spanish colonization impact the native populations in the Americas?

• It led to a cultural exchange that benefited both sides equally

• It caused a dramatic decline in native populations due to disease and exploitation

• It had no significant impact on native populations

• It resulted in the preservation of native cultures

What economic system grew as a result of the Age of Exploration?

• Feudalism

• Socialism

• Capitalism

• Communism

Which new crops were introduced to Europe from the Americas during the Age of Exploration?

• Corn and potatoes

• Tea and coffee

• Bananas and mangoes

• Rice and wheat

What was a long-term economic consequence of the influx of gold and silver from the Americas to Spain?

• Inflation

• Economic stability

• Decrease in trade

• Deflation

What was a key feature of the new economic models developed in Europe as a result of exploration?

• Subsistence farming

• Market economy

• Barter system

• Isolationism

How did the Age of Exploration contribute to the growth of cottage industries?

• By promoting large-scale factory production

• By increasing the demand for raw materials

• By reducing the need for manufactured goods

• By encouraging self-sufficiency

What was a major impact of European exploration on global trade?

• It led to the decline of European economies

• It decreased the variety of goods available

• It established new trade routes and centers of commerce

• It isolated Europe from the rest of the world