Spain and Portugal were the two nations that had a head start in the age of exploration
Immigrant communities helped to grow Florida’s economy by developing a transportation system.
Colbert believed that in trying to prevent wealth from leaving the country, he tried to make France self-sufficient
‘Precious Metals
he discovery of large quantities of gold and silver in the New World made precious metals a key export from New Spain. This changed the history of the world economy. For instance, when precious metals entered Spain, this inflow drove up the Spanish price level and caused a balance of payments deficit.
All nations had to pick slavery or freedom
