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Why Was European Colonialism Such an Important Component in the Development

question 35

Essay

Why was European colonialism such an important component in the development of the global economic system? Why was Columbus's voyage to the New World tied to the trade network occurring in the Old World? Explain how the discovery of gold and silver in the New World and colonization facilitated Europe's participation in the Old World trade network.


Definitions:

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact by observing and measuring the effect of varying an independent variable.

Dosage

The size or frequency of a dose of a medicine or drug that has been recommended.

Placebo

A compound that lacks any medicinal benefits, employed as a control when evaluating novel medications.

Experimental Drug

A pharmaceutical compound undergoing clinical trials to assess its safety and efficacy before it can be approved for general use.

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