Analyze the extent to which european exploration of the new world was driven by economic factors.

The characterization of mercantilism as a "set of practices" demonstrates the absence of a preconceived plan for the economic policy of European countries that, between the 16th and 18th centuries, disputed slices of American territory to keep them in the condition of colonies. During this period, in Europe, the wealth available in the world was thought of as something that could not be expanded, and therefore the absolutist states strove to secure for themselves as much of this supposedly limited wealth as possible. Gold and silver, circulating in the form of coins or locked in the coffers of kings were understood as their translation, hence the true search fever of the so-called metals

an expansion is one of two basic business cycle phases; the other is contraction. the transition from expansion to contraction is a peak, and the changeover from contraction to expansion is a trough.