Significance of Drake's circumnavigation of the globe
- England's reputation as a sea fairing power increases. They gain respect
- England increasingly seized the navy as its best means of Defense
- Returned a handsome profit for Drake and his investors which encouraged other explorers
- provided maps and knowledge for the areas they explored
- enabled trade and exploration elsewhere, such as China, Africa and India
- greatly angered the Spanish. King Philip II sees Elizabeth knighting Drake as a final insult to Spain