Impact of Geographical
The geographical
discoveries transformed the European understanding of the world. It led to the
redrawing of the world map. As a result of the discovery of new lands and new
sea routes, the economic centre of Europe shifted from the Italian city states
to Spain and Portugal. Both Spain and Portugal established colonies that led to
their economic prosperity.
Spanish discovery of the
New World led to the conquest of Mexico and South America. The voyage of
Columbus was followed by further explorations by Spanish Conquistadors
(Conquerors) who defeated the natives and colonized it. They brutally killed
the natives in their conquest and the remaining were employed under harsh
conditions in gold and silver mines, and in plantations. The Spanish genocide
of the natives included massacre, slavery and destruction of culture. Many
natives also died because of epidemic diseases brought by the colonizers.
One of the most
important outcomes of the conquest of Americas by the European colonial powers
was the movement of plants, animals, technology, culture and strange diseases
between the Americas and Europe or between the New World and the Old World.
This is known as Columbian Exchange.
Plants such as maize,
potatoes, sweet potatoes, tomatoes, pineapple, beans and cocoa, and animals
such as turkey and guinea pigs, were transported from America and introduced in
Europe. And from Europe went sugarcane, wheat, rice, horses, cattle, sheep and
goats to America. Europe also exported deadly diseases such as small pox,
measles, chicken pox, malaria, typhus, etc. Apart from guns and horses, the
most dangerous weapons the natives had to encounter were these deadly diseases
against which they were defenceless. It led to the near annihilation of the
natives in most parts of the Americas.
The introduction of
sugarcane led to the establishment of sugarcane plantations in the Caribbean
islands and South America. These plantations initially employed natives. The
mass extinction of the native population led to the import of slaves from
Africa. Gambia, Senegal, Goree, El Mina and Congo became important centres of
slave trade in Africa. The Trans-Atlantic Trade was a triangular trade. The
European countries purchased slaves from Africa who were transported to America.
In return they got sugar and other raw materials from America. The European
countries profited immensely from this trade.
Geographical discoveries
led to Commercial Revolution. The chief features of commercial revolution were
the emergence of banking, joint-stock companies and growth of trade.
The economic system
followed during this period has been described as mercantilism. It is a system
regulated by the State. It is a system in which commercial profit was aimed at
by monopoly trade.
As a result of
geographical discoveries, the seventeenth century witnessed the emergence of
various East India Companies such as the English East India Company, the Dutch
East India Company, and the French East India Company.
The Portuguese, after
discovering a new sea route to India, enforced its monopoly on the spice trade
of East Indies, eliminating competition of the Arabs, Egyptians and Venetians
by use of military force. The Spaniards established monopoly over the mining
and transportation of gold and silver in its colonies in the New World.
The English East India Company had monopoly trade in India and amassed huge wealth. Thus, the chief feature of mercantilism was exploitation of the resources of the colonies for the benefit of the colonisers. It represented an important stage in the development of modern capitalism.
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