How did european expansion intot he western hemisphere generate intense competition and changes within european societies?

The European exploration and conquest of the western hemisphere generated intense social, religious, political and economic competition in Europe, which helped to promote the building of an empire. During that time, they experienced the increase of wealth, power, population and status. Europeans converted many people from the Americas to Christianity. There was a shift from feudalism to capitalism, as well. With the advance of technology, they were also able to organize new international trade strategies.    

the act of deciding on matters of the economy. economic decision making is routinely conducted by finance ministers, economic advisors, heads of major central banks and business leaders and can have profound effects on a major economy.