Create your own awesome maps

Even on the go

with our free apps for iPhone, iPad and Android

Get Started

Already have an account?
Log In

The Impact of Exploration on European Economies by Mind Map: The Impact of Exploration on
European Economies
0.0 stars - reviews range from 0 to 5

The Impact of Exploration on European Economies

How did exploration help capitalism

Capitalism is a economic system based on investment of money

It lead to trade and more money

How does a market economy grow

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

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

What is the Cottage Industry

Merchant needed to hire people to make new materials

A lot of people were hired to make new materials

What is mercantilism

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

Also they established colonies