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What were the main obstacles that made it difficult for governments and monarchs to finance explorations during the Age of Discovery?
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There were a variety of obstacles that made it difficult for governments and monarchs to finance explorations during the Age of Discovery. These included the high cost of shipbuilding and outfitting, the need for up-front payments for the crew and provisions, the dangers of the voyage, and the uncertainty of what would be found. Additionally, there was the risk of losing the ship and its cargo, and the challenge of getting a return on investment when the voyage was complete.
Explanation
The Age of Discovery was a period of great exploration and expansion of the world’s known geography. During this period, European powers in particular sought to explore unknown lands and establish new colonies, trading posts, and exploit resources. Many notable explorers such as Christopher Columbus, Vasco da Gama, Ferdinand Magellan, and Juan Ponce de Leon were funded by governments and monarchs in order to pursue these goals.
The reasons for governments and monarchs to finance these explorations were mainly for the potential wealth, power, and glory that could be gained. However, there were many obstacles that made it difficult to finance these explorations. These included the high cost of shipbuilding and outfitting, the need for up-front payments for the crew and provisions, the dangers of the voyage, and the uncertainty of what would be found. Additionally, there was the risk of losing the ship and its cargo, and the challenge of getting a return on investment when the voyage was complete.
The consequences of the Age of Discovery were far-reaching. These explorations led to the European colonization of the Americas, as well as establishing trade routes to Asia and India. This in turn led to the spread of European culture, religion, and technology around the globe. It also had a major impact on the native populations of the lands which were explored, as they were displaced and their cultures were profoundly changed.