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Important Facts About the Age of Discovery
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The so-called Age of Exploration was a period from the early 15th century and continuing into the early 17th century, during which European ships were traveled around the world to search for new trading routes and partners to feed burgeoning capitalism in EExpeditions made money primarily by discovering new trade routes for their nations. When the Ottoman Empire captured Constantinople in 1453, many existing trade routes to India and China were shut down. These trade routes were very valuable as they brought in expensive products such as spices and silk. New expeditions tried to discover oceangoing routes to India and the Far East.

Some expeditions became rich by discovering gold and silver, such as the expeditions of the Spanish to the Americas. They also found new land where colonies could be established and crops such as sugar, cotton, and tobacco could be grown.

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an oligopoly is a term used to clarify the structure of a particular market, industry, or organization. a market is considered oligopolistic or amazingly focused when it is shared between a few companies.