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A 5 page paper that discusses European exploration, mercantilism and capitalism. The writer explains how the need for resources in a growing Europe led to exploration. The importance of spices to Europeans is also considered. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: MM12_PGexpsp.rtf
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Unformatted sample text from the term paper:
to have originated in the Middle East and Rome during the early Middle Ages (Hooker, 1996). In turn, mercantilism was defined similarly to capitalism as the distribution and exchange of
goods for the purpose of making a profit (Hooker, 1996). The goods or commodities were purchased in one place for one price then sold in another place at a
higher price (Hooker, 1996). As the Roman empire expanded, mercantilism also expanded (Hooker, 1996). But, from about the fifth century until sometime in the 700s, the Roman empire contracted, which
had the same effect on mercantilism (Hooker, 1996). In this region and at that time, mercantilism tended to be more localized; i.e., goods were produced and then sold for a
profit within a smaller geographic territory, which made the mercantilism grow or shrink with the empire. The same thing was not true in Arabic cultures, however (Hooker, 1996). These cultures
had a long history of mercantilism because the territory was directly on the trade routed between three large empires - Persia and Egypt first and then Byzantium (Hooker, 1996). Beginning
in the 7th century, Islam was spreading across Northern Africa, Spain, the Middle East and Asia and this gave mercantilism a global character that had not been seen with the
Roman empire (Hooker, 1996). The Europeans in medieval times basically learned about mercantilism from their Islamic neighbors (Hooker, 1996). The evidence for this premise is the number of economic terms
in European languages that are derived from Arabic, such as tariff and traffic (Hooker, 1996). The Europeans would not begin to expand their own mercantile practices until around the
1300s and then there was significant social mobility (Hooker, 1996). It was also around this time that Europeans were forced to travel and explore other parts of the world for
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