The Age of Exploration is often seen as a time when people discovered new lands, but it also brought many problems for the economies in Europe and beyond.

1. Economic Differences:

   • During this time, some countries, like Spain and Portugal, became very rich because of their colonies.
   • Sadly, many other countries stayed poor, and this difference created long-lasting money problems.

2. Taking Resources:

   • When Europeans took natural resources from their colonies, it often hurt local communities.
   • For instance, many people lost their homes and fell into poverty because Europeans wanted silver from mines in the Americas.

3. Relying on Trade:

   • European countries became too dependent on the wealth from exploration.
   • If something happened to trade routes, like a war or a natural disaster, these countries faced big troubles.

4. Cultural Changes:

   • As European cultures spread, local traditions often got pushed aside.
   • This caused conflicts that still affect many people today.

Possible Solutions:

• We can help fix some of these problems by promoting fair trade practices.
• It’s also important to support local economies through fair trade initiatives to create a fairer economy for everyone.
• Encouraging cultural exchanges rather than cultural control can help keep local traditions alive while still connecting with the world.

By working on these solutions, we can aim for a fairer and more balanced economy, learning from what happened during the Age of Exploration.