Final answer:
The need to pay for Asian spices and textiles with cash led Europeans to increase their desire for precious metals, to explore new trading routes, and to initiate the Age of Exploration, which resulted in the Rise of Capitalism.
Step-by-step explanation:
The fact that Europeans often had to pay for Asian spices and textiles in cash led to them increasingly seeking precious metals to use for trading and a desire to find new, faster trading routes to Asia. Europeans increasing their need and desire for precious metals was a direct result of their trade deficit due to purchasing valuable Asian commodities.
As they could not offer goods that were of interest to Asian economies, Europeans started to look for alternative methods to acquire wealth to continue their trade expeditions, leading to the exploration for new routes and the accumulation of gold and silver, particularly from the Americas. This scenario set the stage for a dramatic increase in exploration and trade known as the Age of Exploration.
Furthermore, Rise of Capitalism stemmed from the influx of gold and silver into Europe, used to pay for goods from Asia, which caused a dramatic increase in the prices of goods. This economic shift gave rise to joint-stock companies formed to encourage exploration, expand trading networks, and make profits. The economic competition led to widespread changes in trade and the eventual establishment of European empires that influenced global markets.