The competition for trading advantages started with overseas expansion at the end of the sixteenth century. It started with the increase in the supply of silver in Europe. That caused for prices to change, which caused inflation. All of this caused furhter economic instabilit. The most visible evidence of the economic expansion in early modern Europe was the overseas trading posts. The Spanish issued trading licenses only to Spanish merchants. Spain once traded all over …
showed first 75 words of 272 total

showed last 75 words of 272 total
…industry brought about the use of slaves to work on plantations. Other eighteenth century slave routes were more direct. The Spanish, French, Portuguese, and Dutch all engaged in the slave trade between Africa, Central, and South America. The Spanish tried to retain a monopoly on the trade between Cadiz and their South American ports. Trade began to flourish in Europe and the East, but it could not compete with the trade of sugar and slaves.