The late fifteenth century refers to the period from 1470 to 1500, a transformative time in European history marked by significant changes in exploration, trade, and cultural exchange. This era is characterized by the beginning of overseas exploration driven by European powers, leading to the establishment of new trade routes and contact with various civilizations across the globe. It set the stage for the Age of Exploration, where advancements in navigation and shipbuilding technology allowed explorers to embark on ambitious voyages that would ultimately reshape global interactions.