Trade Monopoly Break and Faster Shipping Route by European Traders

What did European traders want to achieve by breaking up the Italian trade monopoly and finding a faster, cheaper way to transport goods?

A. Break up the Italian trade monopoly

B. Find a faster, cheaper way to transport goods

Answer:

European traders wanted to break up the Italian trade monopoly and find a faster, cheaper way to transport goods.

European traders in the past wanted to break up the Italian trade monopoly to gain access to new markets and increase competition. By finding a faster, cheaper way to transport goods, they aimed to boost efficiency and reduce costs in their trade ventures.

The Silk Road, a historic trading route that connected Europe to Asia, played a vital role in facilitating trade for European traders. By utilizing this route, they were able to expand their trade networks and access a variety of goods from distant regions.

Breaking the Italian trade monopoly and discovering faster shipping routes were crucial for European traders to stay competitive in the global market. These actions helped them to enhance trade opportunities, increase economic prosperity, and foster international relations.

Trade is an essential aspect of economic activities, involving the exchange of goods and services through various channels such as national trade and international trade. By understanding the significance of trade and exploring new trade routes, European traders were able to shape the course of history and drive economic growth.