The impact of exploration on European economies

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The impact of exploration on European economies by Mind Map: The impact of exploration on European economies

1. The growth of Capitilism

1.1. the growth of this was caused by exploration and trade

1.2. This was a goood thing

1.3. exploration had led to more trade and more trade led to more money for investments.

2. The growth of economy and market

2.1. this was caused by the buying and selling of goods based on a demand and supply system.

2.2. the money people had was used to invest in different comanies

2.3. If something was a good selling and there was only a little of it it would be expensive.

3. Mercantilism

3.1. this was the increase in export and decrease in imports

3.2. the countries thought they could gain power by gaining mony

3.3. Colonies ad improved this system

4. The cottage industry

4.1. this is the making of products from raw material in a cottage house.

4.2. most products were created in this way