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Q.

Before the 17th century what global exchange between America and Europe used to happen?


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a

Gold

b

Textiles

c

Spices

d

Pottery 

answer is A.

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Detailed Solution

Before the 17th century, gold was a global exchange between America and Europe that used to happen. Before the 17th century, gold was the primary medium of exchange between America and Europe. Globalisation began when people migrated in search of work or a better way of life. The ease with which people can communicate even in different nations is the greatest gift that globalisation has given humanity. In the sixteenth century, European traders discovered a sea route to Asia and an ocean route to America. Mines containing rich metals such as silver and gold were abundant in South American countries such as Peru and Mexico, which aided Europe's trade. By the middle of the sixteenth century, the Portuguese and Spaniards had colonised South America. As a result, transactions altered, and Europe began to prosper.
 
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