The Commercial Revolution. On colonization by the Europeans.

The European Exploration established many colonies in Africa and the Americas. A new reservoir of revenue became readily avenue sparking the Commercial Revolution. Raw materials, gold, and other precious metals poured into Europe, eventually becoming manufactured goods. Slaves became a source of cheap labor and many Europeans spread Europe's economic policies when they settled in the colonies. Mercantilism, which stated that a colony's purpose was to benefit the mother country, shaped Europe during throughout the …

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