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Consider the following countries (order does not matter): Spain, the Netherlands, Italy, the US,
the UK, Portugal, Germany. Fill out the following sentences using above 7 countries. A first
important improvement of banking led toeconomic growth in 1 . in 1400 s Then, important
improvements happen in 2. through the trade on the Rhine river. Then, important improvements
happen in 3. via establishing sea trade across the world and building great ships. Then, leadership
went to 4. via establishing colonies which had much self-governance as compared to previous
approaches used by other countries. Then, leadership went to 5. via limiting the role of
government and not having a monarch. The countries which were less successful in establishing
economic principles but who benefited during colonization before 1800 were 5. .6 .

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