Social sciences

What role did economics play in the Age of Exploration, and why was economics important?

Question:

The Age of Exploration:

The Age of Exploration, also called the Age of Discovery, describes a time period lasting roughly from the 1400s to the 1600s in which European countries began to explore and expand their landholdings through the process of colonialism.

Answer and Explanation:

During the Age of Exploration, a new economic system emerged in Europe that fueled imperialism. This new economic system was called mercantilism. Mercantilism is the idea that the lands colonized by a ''mother country'' provide economic support to the ''mother country.'' As such, imperialistic countries were further encouraged to colonize in order to support and invigorate their economy.

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