R2915thand16th

29. The growth of competition and interdependence in national and world markets. -Henry the Navigator 1415 The growth of competition and interdependence in national and world markets is shown through the actions of Henry the Navigator and Portugal’s control in the market of gold. The year of 1415 marked the beginning of European exploration and control of overseas territory. Portugal wanted to find gold and overseas routes to spice markets. Through Henry the Navigator, Portugal was able to obtain gold. Since most of the gold reaching Europe came from the Muslim caravans that brought it, the Portuguese were able to build trading posts in African cities to transport gold to Lisbon. By 1500, Portugal controlled the flow of gold to Europe, beginning the golden century of Portugal. Portugal’s actions portray the competition and interdependence held in markets. MLA: McKay, John P. __A History of Western Society__. Boston: Houghton Mifflin, 2003.  