The Impact of Exploration

1. Cottage Industry

1.1. Lots of products were created this way.

2. Market Economy

2.1. Once people had more money they could buy and cell more things.

2.2. It is when the price goes up when the product demand goes higher.

3. Capitalism

3.1. It is a system based on money and profit.

3.2. More exploration led to more trade witch gave people more money.

4. Mercantilism

4.1. They thought the best way to get power was to save money.

4.2. To do this they increased exports.

4.3. They also established colonies to get more money.