Saturday, April 16, 2011

Rise of Europe

The rise of Europe especially Western Europe was largely accounted to the growth of European nations with access to the Atlantic and especially with nations that engage in ocean trade and colonialism.

Atlantic trade and colonialism had the largest impact on Europe both directly and indirectly. The most significant growth can be noticed on nations who checked the scope of power of the monarchy they didn't allow the monarchy to fully control the overseas trading activities this enabled more merchants to benefit from the Atlantic trade. This unprecedented growth of Europe was called the "The First Great Divergence". In a nutshell the growth of Europe is credited to the Atlantic Traders who were directly involved in the trade and colonialism. The Atlantic trade also induced major institutional changes among Atlantic nations and the rest of Europe this was because the profits made from the trade strengthened merchant groups and this paved the way for changes in political institutions this changes in turn encouraged commerce and production for the market and this enabled the emergence of new organizational forms and technologies

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