Discovery of The New World’s Effects on European Economy
Abstract
European explorers and contemporary states have attempted to find new routes, regions due to various goals. They have explored the Americas, New World and have taken advantage of these explorations. Mines which provides direct wealth through usage of commodity money, have been extracted and transported, Americas’ plants to the continental Europe which have led to growth in population and GDP have been transplanted to the Europe. It is argued that mines have been brought to the Europe, so accumulation of capital has occurred that leads to a massive influx of cash. Also, transplanted nutritive species have provided the population growth which has been effective on GDP increase with combining the accumulated money.
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References
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