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. How did exploration help capitalism

1.1. Capitalism is a economic system based on investment of money

1.2. It lead to trade and more money

2. How does a market economy grow

2.1. When a person starts to have more money they buy more products

2.2. When they is less product more money comes if they more product still more money comes

3. What is the Cottage Industry

3.1. Merchant needed to hire people to make new materials

3.2. A lot of people were hired to make new materials

4. What is mercantilism

4.1. It is when the Countries best way to gain more power is by saving money.

4.2. Also they established colonies