ExplorationsExplorationsEuropean People and Far-Flung European People and Far-Flung

Places, 1400 - 1550Places, 1400 - 1550

Marco Polo (1254-1324)Marco Polo (1254-1324)

Ferdinand Magellan (1480-1521)Ferdinand Magellan (1480-1521)

Sir Francis Drake (1540-1597)Sir Francis Drake (1540-1597)

Christopher Columbus (1451-1506)Christopher Columbus (1451-1506)

Francisco Pizarro (1478-1541)Francisco Pizarro (1478-1541)

Vasco de Gama (1469-1524)Vasco de Gama (1469-1524)

Hernando Cortes (1485-1547)Hernando Cortes (1485-1547)

Bartolomeu Dias (1457-1500)Bartolomeu Dias (1457-1500)

Why?Why?

► GOLDGOLD

►GODGOD

►GLORYGLORY

The Economics of ExplorationThe Economics of Exploration

►TradeTrade►Competitive AdvantageCompetitive Advantage► Investment (joint-stock companies)Investment (joint-stock companies)►Finding gold and silverFinding gold and silver►Finding spicesFinding spices►Finding routesFinding routes

God follows the conquerorsGod follows the conquerors

A World Without . . .A World Without . . .

► PotatoesPotatoes► AvocadoesAvocadoes► TomatoesTomatoes► ChocolateChocolate► BeansBeans► TobaccoTobacco► CornCorn

► SmallpoxSmallpox► MeaslesMeasles► InfluenzaInfluenza► TyphusTyphus► Large stock animalsLarge stock animals