The document summarizes the early voyages and explorations of several notable figures from the 15th-16th centuries, including Ferdinand Magellan, Francis Drake, Christopher Columbus, Vasco da Gama, and Hernan Cortes. It explains that these adventurers helped globalize the world in three key ways: by acquiring strategic knowledge that enabled colonial empires, carrying out state-sponsored expeditions to confiscate wealth, and establishing state-sponsored trading monopolies, foreshadowing modern global corporations. The document concludes by noting how today's economy confirms the importance of state-controlled companies thriving with enormous influence in emerging economies, similar to trading companies established in the 16th century.
The document summarizes the early voyages and explorations of several notable figures from the 15th-16th centuries, including Ferdinand Magellan, Francis Drake, Christopher Columbus, Vasco da Gama, and Hernan Cortes. It explains that these adventurers helped globalize the world in three key ways: by acquiring strategic knowledge that enabled colonial empires, carrying out state-sponsored expeditions to confiscate wealth, and establishing state-sponsored trading monopolies, foreshadowing modern global corporations. The document concludes by noting how today's economy confirms the importance of state-controlled companies thriving with enormous influence in emerging economies, similar to trading companies established in the 16th century.
The document summarizes the early voyages and explorations of several notable figures from the 15th-16th centuries, including Ferdinand Magellan, Francis Drake, Christopher Columbus, Vasco da Gama, and Hernan Cortes. It explains that these adventurers helped globalize the world in three key ways: by acquiring strategic knowledge that enabled colonial empires, carrying out state-sponsored expeditions to confiscate wealth, and establishing state-sponsored trading monopolies, foreshadowing modern global corporations. The document concludes by noting how today's economy confirms the importance of state-controlled companies thriving with enormous influence in emerging economies, similar to trading companies established in the 16th century.
Exploration & Colonization Born on 1480 in Sabrosa, Portugal
Died on April 27, 1521, Mactan Age 12, he and his brother traveled to Globalization is a process of interaction and Lisbon integration among the people, companies and He was exposed to sea exploration and governments of different nations. spice trading Ferdinand Magellan completed the first This process has effects on the environment, on circumnavigation of the world between culture, on political systems, on economic 1519 and 1522 in the service of King development and or human physical well-being Charles I of Spain. in societies around the world. FRANCIS DRAKE CHRISTOPHER COLUMBUS Born between 1540 and 1544 in Devonshire, England Born on October 31, 1451 in the Republic of Genoa January 28, 1596, Portobelo, Panama Died on May 20, 1506, Valladolid, An English sea captain, privateer, pirate Spain and explorer of the Elizabethan era. He experienced to go to the sea when he Sir Francis Drake achieved the second was a kid and travelled far circumnavigation of the Earth in the late 16th century, and played the role of a He was self educated global buccaneer, carrying out attacks Knew much geography, history and and confiscating foreign treasures anatomy around the world. Married to Portuguese noblewoman Filipa Moniz Perestrlo THESE ADVENTURERS WERE The Italian explorer Christopher GLOBALIZED FOR THREE REASONS: Columbus, financed by the Spanish First, they engaged in the state- crown, completed four voyages across sponsored acquisition of strategically the Atlantic Ocean that created a European awareness of the North and significant knowledge that enabled South American continents. nations such as England and Spain to establish colonial empires across the VASCO DA GAMA globe. Born in 1460 in Sines, Portugal Second, they carried out state-sponsored Died on December 23, 1524 in Kochi, expeditions to confiscate wealth that India could become the property of the state, A portuguese exploree thereby anticipating future alliances Best known as the first European to sail between states and private companies. from Europe to India around Africa Third, state sponsorship of global The Portuguese explorer Vasco DA trading monopolies was a foreshadowing Gama was the first to lead a maritime of state-sponsored national champion expedition to India in 1498. global corporations of the modern era. HERNAN CORTES The monopoly of trade granted to the East India Company by Queen Elizabeth Born on 1485 in Medellin, Castile, Spain Died on December 2, 1547 in Castilleja de la Cuesta, Castile, Spain Spanish conqueror Remembered for conquering the Aztec empire in 1521 and claiming Mexico for Spain The conquistador Hernan Cortes brought much of Mexico under Spanish control in the early 16th century. Today’s global economy confirms the importance of this show piece enterprise of the first phase of globalization. State-controlled companies are thriving and have enormous influence in emerging economies, such as those of China, Brazil, and India. These state- owned enterprises can also become monopolies in their own right, along the lines intended once upon a time by the imperial monarch of the 16th century.