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Capitalism In America After 1492 Essay

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Capitalism has been around for centuries around the world however it became a central focus of Europe after 1492. Before 1492, capitalism was equally rising in Africa, and Asia also. When the year 1492 occurred, Europe took a lead in the rise of capitalism which can be linked to Europe's ties with America. To begin, we have to take a look at why Europe conquered America and not by Asia or Africa. Europe's main reason for conquering America was its ideal location. During this time period, maritime technology was testing out oceanic navigation in the countries of Asia, African and Europe. The trips were more well planned and longer voyages could be completed due to advancing oceanic technology (Blaut,181). Technology was similar among the countries due to the continental "crisscross diffusion" which spread ideas from region to region (Blaut,181). When it became time to explore the western hemisphere the Europeans did have one advantage, location. Due to geography, America was more accessible from "Iberian ports" (Blaut,182). Many voyages did not complete their journey due to unforeseen sailing conditions. However, the Europeans were lucky to benefit from the trade winds. "Columbus knew the advantages of the trade winds and saw they would assist his travels to be outbound northward into the westerlies" …show more content…
The elite class invested the money back into Europe by buying land, and developing commercial agriculture, and industries (Blaut,188). An example of this, is the gold and silver mining. "Since 85% of the entire world's production of silver came from the Americas, as a result the quantity of gold and silver circulation in Europe increased" (Blaut,189). This allowed for money to be in constant flow and for the Europeans to provide better prices on the market for the exported goods increasing their earned profit

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