Answer:
See Below
Step-by-step explanation:
"One of the most important consequences of the Age of Discovery was the creation of the first truly global economy in the sixteenth and seventeenth centuries. Tragically a major component of global trade was the transatlantic slave trade, in which Europeans transported many millions of Africans to labor in horrific conditions in the mines and sugar plantations of the New World. The discovery of extraordinarily rich silver mines in New Spain brought enormous wealth to the Spanish crown, but little economic development. European nations vied for supremacy in global trade, with early Portuguese success in India and Asia being challenged first by the Spanish and then by the Dutch, who successfully imposed control of trade with the East in the mid seventeenth century"