Concetti Chiave
- The discovery of America in 1492 shifted focus westward, benefiting England's geographical position for exploration and trade.
- England capitalized on Spain's explorations by bringing riches home from voyages and seeking new territories for gold.
- Colonization and global commercial expansion bolstered England's maritime power, leading to future dominance.
- Merchants established "chartered companies" with royal charters, gaining exclusive trade rights in specific regions or commodities.
- Trade routes expanded to the Baltic, Mediterranean, India, Persia, and Japan, enhancing industrial growth and naval strength.
The Beginning of English Expansion
The discovery of America in 1492 had shifted the centre of interest to the west, and England received great advantage from its geographical position. The English skilfully exploited this fact of Spain. Riches were brought home from voyages, and many went to explore new territories in the hope of finding gold. The beginning of colonization in the New Continent and commercial expansion to various parts of the world contributed to the consolidation of the maritime power of England, which was destined to develop so successfully over the following centuries.
The English Trading Companies
Merchants founded trading companies which received the royal charter and were called “chartered companies”. They had the exclusive right tot rade in a particular geographical area, or in a specific commodity, and part of their profits went to the Crown. English ships began to visit the Baltic (Eastland company), Morocco and the Levant Company trade in the Mediterranean and the Levant was revived. The East India Company starter trade contacts with India, Persia and Japan. In this way industrial development was encouraged while England’s sea power increased.
Domande da interrogazione
- How did England benefit from its geographical position following the discovery of America in 1492?
- What role did chartered companies play in England's commercial expansion?
England's geographical position allowed it to exploit the westward shift in interest after the discovery of America, leading to riches from voyages and the exploration of new territories, which contributed to its maritime power and commercial expansion.
Chartered companies, founded by merchants and granted exclusive trading rights by royal charter, played a crucial role in England's commercial expansion by trading in specific geographical areas or commodities, with part of their profits benefiting the Crown.
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