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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:

Work Certificate

A document provided by an employer certifying an employee's job title, duties, and period of employment.

Foreign Individual

A person who comes from or resides in a different country than the one being referred to.

Third-Country Nationals

Individuals who are working in a country that is neither their home country nor the country of the business for which they are working.

Home Country

The country in which a multinational company is headquartered or where an individual originates from.

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