What role did the great geographical discoveries play?

The great geographical discoveries marked new ways of development for many states. Active migration began in Europe. This led to the liberation of land and a decrease in competition in the market. With the help of the open continents, many states acquired colonies, which became raw material appendages and markets. The new lands have significantly reduced the burden on the countries of the old world. Thanks to them, capitalism and market relations began to develop. Industry and culture spread to the colonial lands.