The Age of Discovery was a period from the early 15th century and continuing into the early 17th century, during which European ships traveled around the world to search for new trading routes and partners to feed burgeoning capitalism in Europe. They also were in search of trading goods such as gold, silver and spices. In the process, Europeans encountered peoples and mapped lands previously unknown to them. This factor in the early European modern period was a globalizing character; the 'discovery' of the Americas and the rise of sustained contacts between previously isolated parts of the globe was an important historical event.