The Wealth of Nations Book 4 Chapter 7 Part 1 - The Motives for Establishing New Colonies

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In this video, we explore the reasons behind the establishment of European colonies, from ancient Greece and Rome to the Age of Exploration in the Americas. Unlike the necessity-driven colonies of Greece and Rome, early European settlements in the Americas were driven by different, often unclear motives. Columbus's famous discovery in 1492 opened the door to European colonization, but his hope of finding wealth in gold proved to be more challenging than expected. Though Spain enjoyed some success in gold mining, the reality of extracting wealth was far from the initial dreams. We also look at the risks and failures faced by explorers like Cortés and Pizarro, along with the broader consequences of European expansion during this time. Join us as we dive into the complexities and motivations behind the colonization of the New World.

00:00 - Intro to Roman colonies
00:12 - Explanation of early European settlements
00:25 -Ancient Greece colonies explanation
00:59 - Roman colonies explanation
01:46 - European colonies explanation
02:02 - Venetian trade explanation
02:34 - Christopher Columbus explanation
02:58 - Columbus discovery explanation
03:22 - Spanish decision explanation
03:45 - Gold extraction explanation
04:36 - Mining projects explanation
05:02 - Spanish success explanation
05:33- Outro

#ColonialHistory #EuropeanExploration #GoldMining