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. People were hired to work in peoples houses.

2. Once people had money they were able to sell things.

3. If a product was in high demand and there was only a little bit it would be expansive.

4. More exploration led to more trade that gave people more money to invest in companies.

5. How did Exploration help capitalism?

5.1. More exploration led to more trade in which it gave people more money to invest in companies.

6. How does a market economy grow?

7. What is the Cottage Insdustry?

7.1. Workers needed to hire people to raw materials into products.

7.2. lots of products were made this way.

8. What is Mercantilism?

8.1. Countries thought that he best way to have power was to save their money

8.2. So to do this they created exports.

8.3. They established this colonies in other places to gain money.