Site Loader

After watching this video, you will be able to describe the natural resources of Europe (past and present) and how they impacted the movement of products, capital, and people. A short quiz will follow.

Natural Resources & Products

Natural resources are the products contained within and on the land, like water, timber, coal, oil, and rock types. Natural resources drive the economy in many parts of the world, and when your economy is strong, good living standards usually result. This, in turn, affects what humans choose to do, including the movement of their families, their products, and their money (capital). In this lesson, we’ll summarize the natural resources of Europe and discuss how those resources lead to the movement of these three things.In many ways, the natural resources of Europe are kind of old news.

Best services for writing your paper according to Trustpilot

Premium Partner
From $18.00 per page
4,8 / 5
4,80
Writers Experience
4,80
Delivery
4,90
Support
4,70
Price
Recommended Service
From $13.90 per page
4,6 / 5
4,70
Writers Experience
4,70
Delivery
4,60
Support
4,60
Price
From $20.00 per page
4,5 / 5
4,80
Writers Experience
4,50
Delivery
4,40
Support
4,10
Price
* All Partners were chosen among 50+ writing services by our Customer Satisfaction Team

In modern-day Europe, the most important export is services, which account for 73% of Europe’s GDP as of 2013. Services have little to do with natural resources unless you count humans as natural. But Europe’s position as a financial and service-driven part of the world was developed over the years and centuries. And historically, natural resources were hugely important to Europe’s success.

Europe’s climate is relatively mild. It contains marine climates in the west and Mediterranean climates in the south. These climates are great for agriculture and even to this day, this is a major chunk of the economy. The biggest crops are wheat, rapeseed, potatoes, and livestock products in the marine areas, and olives, wine, and grapes in the Mediterranean. Germany remains one of the few major exporters to this day, exporting in particular: cars, machinery, chemicals, electrical products, and drugs.But as we mentioned, the modern economy isn’t about physical products, but more about services. Many of the major manufactured exports like cars, paper products, and food products are created using raw materials that are no longer sourced in Europe.

Only certain countries still produce significant amounts of certain metals, and the UK does produce some significant oil in the North Sea.But these are all relatively small aspects of the economy. It’s in the past that Europe built its urban, service-driven economy with the natural resources of the past. During the Industrial Revolution from about 1760 until 1840, the natural resources of Europe were exploited to their fullest, starting in the United Kingdom where coal and iron ore were major parts of the economy. It is these resources that built Europe and caused European people, with their culture and ideas, to spread all over the world.

If that doesn’t prove that natural resources lead to movement, nothing does.

Movements of Capital and People

In general, where there are natural resources, you’ll find that people and money will move. Private companies will move to an area to extract the resources and make money.

These companies contain people who then move to the area and they hire even more people as the company expands, encouraging workers to follow. This certainly happened during the Industrial Revolution, when Britain, France, and Spain all had significant empires overseas and people traveled to make their fortune with promises of gold, diamonds, and other valuable resources.But in modern-day Europe, natural resources mostly involve imports. Resources that can be extracted cheaply in other countries are imported into Europe to be used there or even manufactured abroad before being imported. If anything, natural resources drive companies and people to move out of Europe to take advantage of the resources overseas. Though the natural resources of other countries continue to drive money into the hands of European companies who operate abroad.

But it’s the natural resources of the past that created Europe’s financial centers and those certainly caused people to want to move to Europe. Net migration is significantly towards Europe, not away. These financial centers also attract people within Europe; there’s a flow of Eastern European workers into the richer areas of Western Europe. This isn’t surprising considering Western Europe has among the best living standards in the world.

Lesson Summary

Natural resources are the products contained within and on the land, like water, timber, coal, oil, and rock types. Natural resources drive the economy in many parts of the world, and when your economy is strong, good living standards usually result.

This, in turn, affects what humans choose to do, including the movement of their families, their products, and their money (capital).Europe’s climate is relatively mild and great for agriculture, which remains a not insignificant portion of the economy. The biggest crops are wheat, rapeseed, potatoes, and livestock products in the marine areas, and olives, wine, and grapes in the Mediterranean.

But in modern-day Europe, the most important resources are not natural. The main export is services, which accounts for 73% of Europe’s GDP as of 2013.But historically, Europe’s position as a political and financial powerhouse happened because of the natural resources of the past, which were exploited during the Industrial Revolution. Many manufactured products are today created using raw materials that are no longer even sourced in Europe because it’s cheaper that way.Natural resources cause money and people to move. Businesses move to an area to extract the resources and make money.

Those companies hire people, encouraging workers to follow. This certainly happened during the Industrial Revolution, when Britain, France, and Spain all had significant empires overseas.But in modern-day Europe, natural resources mostly involve imports.

Resources that can be extracted cheaply in other countries are imported into Europe to be used there or even manufactured abroad before being imported. If anything, natural resources drive companies and people to move out of Europe to take advantage of the resources overseas. Though the natural resources of other countries continue to drive money into the hands of European companies who operate abroad.Europe’s natural resources of the past created the financial centers we know today. And because of those past resources, net migration flows into Europe.

This isn’t surprising considering it’s one of the richest places in the history of the world.

Impact of Resources on the Movement of Products, Capital & People in Europe Overview

German exports
germanexports
Terms Explanations
Natural resources the products contained within and on the land, like water, timber, coal, oil, and rocks
Movement immigration high into Western Europe from other countries
Import/Export most of Europe imports natural resources and exports products and services

Learning Outcomes

Show how well you can accomplish the tasks below once you finish studying:

  • Express knowledge of the prevalence of natural resources in Europe
  • Discuss immigration into Western Europe
  • Specify what Europe exports versus what they import

Post Author: admin

x

Hi!
I'm Eric!

Would you like to get a custom essay? How about receiving a customized one?

Check it out