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The Portuguese were the fist Europeans to reach Africa and India. They captured spice islands and fought Muslims. They brought back cinnamon,peppers,porcelain and silk.
The Europeans were the richest they ever were with nationalism. They expanded trade overseas and colonization. The money from the Americas inflated Europe's money system.
Europe adopted capitalism which they would by raw materials. And the merchant would sell these material for a lot of money. Merchant became rich buying and selling.
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