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What were the main factors that contributed to the shift of the center of world trade from Asia to Europe in the pre-modern era? Give two reasons.
Answer:
Answer by Student
- The discovery of new sea routes and new lands by the European sailors increased their trade and wealth.
- The introduction of new crops and precious metals from the Americas boosted the economy and population of Europe.
Detailed Answer by Teachoo
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- Before the fifteenth century, Asia was the center of world trade, with China and India being the richest and most influential countries. However, in the fifteenth century, European sailors such as Vasco da Gama and Christopher Columbus found new sea routes to Asia and America , respectively. This opened up new opportunities for trade and exploration for the Europeans. They also established colonies and trading posts in Asia, Africa, and America, and exploited their resources and markets. This increased their trade and wealth, and gave them an advantage over their Asian rivals.
- Another factor that contributed to the shift of the center of world trade from Asia to Europe was the introduction of new crops and precious metals from the Americas . Some of the new crops that were brought to Europe were maize, potatoes, tomatoes, chilies, etc. These crops had high yields and nutritional values, and could grow in diverse climatic conditions. They increased food production and population growth in Europe and also diversified their diets and farming practices. Moreover, precious metals such as gold and silver were also extracted from the mines in America and transported to Europe. These metals enhanced Europe’s wealth and financed its trade with Asia. They also stimulated the development of banking, commerce, and industry in Europe.
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