During the Age of Discovery, a large scale colonization of the Americas, involving a number of European countries, took place primarily between the late 15th century and the early 19th century. The Norse had explored and colonized areas of Europe and the North Atlantic, colonizing Greenland and creating a short term settlement near the northern tip of Newfoundland circa 1000 AD. However, due to its long duration and importance, the later colonization by the European powers involving the continents of North America and South America is more well-known.

The Age of Discovery also known as the Age of Exploration, part of the early modern period and largely overlapping with the Age of Sail, was a period from approximately the 15th century to the 17th century, during which seafarers from a number of European countries explored, colonized, and conquered regions across the globe. The Age of Discovery was a transformative period in world history when previously isolated parts of the world became connected to form the world system and laid the groundwork for globalization. The extensive overseas exploration, particularly the European colonization of the Americas, with the Spanish and Portuguese, and later the British, at the forefront, spurred global trade. The interconnected global economy of the 21st century has its roots in the expansion of trade networks during this era.