new route to asia trade with asia was expensive because of middlemen europeans needed a faster...
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Remember the 3 G’s (or what motivated exploration) God: Spread of Christianity Gold: Wealth; making money Glory: Expand empire; imperialismTRANSCRIPT
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New Route to Asia Trade with Asia was expensive
because of middlemen Europeans needed a faster route to
save time and money
![Page 3: New Route to Asia Trade with Asia was expensive because of middlemen Europeans needed a faster route to save time and money](https://reader036.vdocuments.net/reader036/viewer/2022062311/5a4d1b897f8b9ab0599bdc9e/html5/thumbnails/3.jpg)
Remember the 3 G’s (or what motivated
exploration) God: Spread of Christianity
Gold: Wealth; making money Glory: Expand empire;
imperialism
![Page 4: New Route to Asia Trade with Asia was expensive because of middlemen Europeans needed a faster route to save time and money](https://reader036.vdocuments.net/reader036/viewer/2022062311/5a4d1b897f8b9ab0599bdc9e/html5/thumbnails/4.jpg)
By the late 1400s changes in technology, politics, society and economy sparked an interest in foreign lands and exploration.
Factors that Sparked Exploration1. Technological Advances2. Political Changes3. Social Changes4. Economic Changes
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Technological Advances Mapmaking -- called
cartography Compass -- invented
by the Chinese, used a magnet
Astrolabe -- Used rings to sight the stars; this would tell them how north or south of the equator (Muslims)
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New Ships called caravels -- had triangular sails which allowed it to sail or ‘tack’ against the wind
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Political Changes Strong centralized governments --
kings and queens wanted to gain power and more land for their countries
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Social Changes Increased population
more people interested in adventure,
more money available to spend on excursions
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Political Persecution -- certain religious groups targeted
Spread of Christianity
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Economic Changes Mercantilism -- idea that a country’s
power is dependent upon its wealth (gold and silver)
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Favorable Balance of Trade: selling more goods than you buy
Expanded Trade
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Standardized money –-
Coins had different values, now they all have the same value
More reliable and valuable
Encourages the growth of foreign trade and banking
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Joint-stock companies -- Businesses would combine resources
and sell shares of the company’s stock to investors
The profits were then divided among the shareholders based on how much stock was originally purchased