Economic Foundations of Exploration

The need for resources and expansion spurred centuries of exploration. Early voyages were largely driven by profit, with merchants seeking valuable goods and establishing new trade routes. Over time, economic factors shaped the expeditions themselves – logistical challenges, ship design, and the demand for specific commodities influenced travel and exploration. The pursuit of territories and wealth fueled advancements in surveying, navigation, and shipbuilding. The economic success or failure of expeditions profoundly impacted the global balance of power and the spread of ideas.

Credits: Finance & economics