European-dominated long-distance trade refers to the extensive trading networks established by European powers during the Age of Exploration, which allowed for global exchange of goods and resources.
Related terms
Columbian Exchange: The exchange of plants, animals, diseases, and ideas between Europe and the Americas after Christopher Columbus's voyages.
Triangular Trade: A system of trade routes between Europe, Africa, and the Americas that involved the exchange of goods such as slaves, raw materials, and manufactured products.
Mercantilism: An economic theory prevalent during this time which aimed at increasing a nation's wealth through exports while minimizing imports through protectionist policies.
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