European expansion was essentially a commercial venture, and the fact that the colonial policies of the European powers had a very pronounced mercantile tone was the natural consequence of the basic motives behind that expansion. A wide range of opportunities magnetized the Europeans overseas. Religion supplied the pretext and gold was the motive.

Carlo M. Cipolla (August 15, 1922 – September 5, 2000) was an Italian economic historian. He was born in Pavia, where he got his academic degree in 1944.

As a young man, Cipolla wanted to teach history and philosophy in an Italian high school, and therefore enrolled at the political science faculty at Pavia University. While a student there, thanks to professor Franco Borlandi, a specialist in Medieval economic history, he discovered his passion for economic history. Subsequently he studied at the Sorbonne and the London School of Economics.

Cipolla obtained his first teaching post in economic history in Catania at the age of 27. This was to be the first stop in a long academic career in Italy (Venice, Turin, Pavia, Scuola Normale Superiore di Pisa and Fiesole) and abroad. In 1953 Cipolla left for the United States as a Fulbright fellow and in 1957 became a visiting professor at the University of California, Berkeley. Two years later he obtained a full professorship.