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Prince Henry of Portugal (The Navigator) funded and encouraged exploration, the study of navigation and the development of new tools to aid navigation. By mid-15th century he made it the coast of Africa. There he hoped to get rich. Africa had food, salt, gold and slaves. His people married African women slave traders. Ensuring their wealth and the women ensured more trade routes for themselves.
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Bartolomeu Dias rounded the "Cape of Storms" and was able to go into the Indian Ocean and there establish trade in India.
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The Spanish Empire had voyages by the Genoese Columbus to colonize and extract wealth. He landed in the Carribean first before landing in America.
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Spain and Portugal signed the Treaty of Tordesillas to split the newly discovered lands in America. This gave Spain majority control of North America and some south with Portugal with the lesser.
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John Cabot goes to Newfoundland in hopes to find land North of what Columbus found in hopes to secure a different trade route to Asia.
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Vasco da Gama reached India and found a highly developed Indian Ocean Commerce trading posts run by Muslim merchants.
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Ferdinand Magellan's Spanish ships circumnavigated the globe, opening the world up to global transportation, exchange, settlement, global slavery, warfare, pandemics and conquest. He started with 5 ships and 237 voyagers and in the end, he was killed and 1 ship came back with 18 original men.
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Francisco Pizarro defeats the Incan's and continues European colonization in America. This allowed for more traded goods.
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Antonio Mota loses course because of a storm and landed in Japan and ended up setting up trade with them.
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Slaves were brought to Jamestown beginning the Atlantic slave trade. Free labor meant increased production and services, bolstering the economy.