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The Voyages and Navigations undertaken by the Sailors of Europe truly altered the world view of the European Countries who believed that it was almost impossible to travel to the parts of other spheres.

The circumnavigation of Magellan was a pinnacle in the field of circumnavigation which opened new pathways for further travels and exploration.

Economic developments surged during this period, which opened new sea routes for the merchants that enabled trade.

High-Value Commodities:

Post the acquisition of the territories in Asia and India, goods like Spices, Fruits, Vegetables, and various animals like guinea pigs, and horses were imported from the European lands to the Asian lands, which had a huge market.
European Market
Precious stones and metals, Ivories were also transported from the Asian lands, which had a huge market value in Europe. Cotton was the highly demanded commodity among the Western countries.
Columbian Exchange: The European advent also brought various diseases like Measles, Malaria, Chicken Pox etc., which proved fatal for the native populations of American countries. This exchange of diseases from the Europeans to the Americans is termed as the “Colombian Exchange”.
Sugarcane Cultivation and the Slave Market:

One of the highly water-intensive crops, Sugarcane, was planted in South America, the West Indies, and the Caribbean Islands.The employment opportunity was given for the natives to work in those Sugarcane Plantations.
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Slave Market
The vulnerable native population slowly became extinct due to various reasons like diseases, massacres etc. It made the European masters import slaves from Africa and other Asian countries.
Slave markets functioned in the Colonies of European powers where the slave trade took place.

The emergence of a New World Order:

The Commercial interest of the European powers paved the way for a Commercial Revolution, which kept trade and commerce at the centre of their ideology.

The Colonial powers like the Portuguese and the British set up their factories and exerted their dominance in Indian lands which later paved the way for the rise of East Indian companies and Mercantile capitalism.