Personal Reflection: "The History of European Empire Building and Trade

question 2

Essay

Personal Reflection: "The history of European empire building and trade in the early modern period is essentially the history of exploitation in pursuit of wealth and luxury goods." Is this statement a fair assessment of the period?

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Definitions:

Monarchy

A form of government in which a single person, the monarch, rules until death or abdication, and the position is usually inherited.

Communist

Pertaining to a political and economic system aiming for a classless society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

Socialist

Pertaining to a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Anarchic

Characterized by a lack of structured government or authority, often leading to disorder and confusion.