4. What were the major trade items for the European powers?
Answers
Answer:
In exchange for their wares, Europeans returned with textiles, carvings, spices, ivory, gum, and African slaves. Contrary to popular views about precolonial Africa, local manufacturers were at this time creating items of comparable, if not superior, quality to those of preindustrial Europe.
Answer:
Explanation:The rise of Western Europe after 1500 is due largely to growth in countries with
access to the Atlantic Ocean and with substantial trade with the New World, Africa,
and Asia via the Atlantic. This trade and the associated colonialism affected Europe
not only directly, but also indirectly by inducing institutional change. Where
“initial” political institutions (those established before 1500) placed significant
checks on the monarchy, the growth of Atlantic trade strengthened merchant groups
by constraining the power of the monarchy, and helped merchants obtain changes
in institutions to protect property rights. These changes were central to subsequent
economic growth. (JEL F10, N13, O10, P10)