Usa vacation ideas on PORTUGAL and SPAIN, first to consolidate, were first to venture forth. Portugal explored around Africa to INDIA and CHINA and got a Papal gift, BRAZIL. Spain built an empire from the Philippines to the Americas. Spain had a larger population, and its New World possessions were rich in gold and silver, so Portugal faded over time while Spain persisted in imperialism through the 19th century.
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Spanish gold and silver aided other rising powers, the NETHERLANDS, FRANCE, the UNITED KINGDOM, as they built empires of their own. 540 mercantilism But there was never enough bullion, and the states began to emphasize commerce: Buy little, sell much, and bank the difference. In the 17th and 18th centuries, Europe went through what Adam SMITH, in retrospect, would call mercantilism.
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