The Age of Exploration from 1500 to 1800 sent Europeans sailing all over the world to discover and settle “new” lands and find trade routes to “old” lands. Think about what they did there and how inhabitants of both “new” and “old” lands were affected-. Use the content taught in this unit to explain the unit’s Enduring Understanding statement: The movement of people, goods, and ideas can have positive and negative impacts.

b)

it created free trade throughout the colonial territories.

when a country suffers, for example, a drought period, the market product is affected for a low offer, in this case, potatoes; the government has to tax to the households, which have to give more money for the potatoes which they consume, that situation make them consume substitute goods even through loans, it could increase the financial market movement and the inflationary phenomena, the business has to increase salaries in order to the employees could buy a more expensive food (potatoes) and in order to inflation tha business had to buy expensive supplies in the factor market, while the rest of the world have to gain more money to consume the same amount of potatoes.

those who allied with france gained land and power.