Demand for consumer products

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In the 1400s, Europe had high demand for consumer products (particularly spices, manufactures, and textiles) from Asia and Africa, but trouble obtaining them. Among the reasons for this, we've highlighted three: trading monopolies by overland empires, the fact that Europe produced few items desired by Asians and Africans, and a shortage in Europe of precious metals. Discuss how Europe overcame these three obstacles over the next several centuries, eventually dominating trade and extractive relationships with Asia, Africa, and the Americas.

 

 

Reference no: EM133250661

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