What economic factor fueled European exploration of the "New World"? Wars in Europe led to displaced peoples needing to find a new home. Food shortages in Europe led to the need to new farming lands. European monarchs needed money to repay the merchants who supported their regimes. Merchants in Europe needed new products to fuel an increasing demand for luxuries.

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What economic factor fueled European exploration of the "New World"? Wars in Europe led to displaced peoples needing to find a new home. Food shortages in Europe led to the need to new farming lands. European monarchs needed money to repay the merchants who supported their regimes. Merchants in Europe needed new products to fuel an increasing demand for luxuries.
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