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Portuguese Expansion In Africa And European Economy At The Turn Of The 15th Century

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Chapter Summary

This chapter tackles the problem of the impact of Portuguese expansion in Africa upon the economy of other European countries towards the close of the 15th and the beginning of the 16th centuries. When the Portuguese assumed control over the eastern and western coasts of Africa, reached India, and established contact with the immense areas of the Far East. In the present state of research, one cannot determine the effect of Portuguese expansion in Africa as early as the 15th century on European mining and crafts. It is obvious, however, that this expansion was one of the factors of their growth. In addition, Portuguese expansion in Africa offered great opportunities to the big capital represented at that time by Italian and German houses. Colonial trade and revenues from missions in Africa and India were not factors that could contribute in any great measure to the economic development of the metropolis.

Keywords: African trade; European economy; Portuguese expansion

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