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Basically in this quote Latourette is saying that during the Ming Dynasty China was at a high point in power. Because of the Ming Dynasty, China was strong and able again. If China were looking to expand, the best time would be during the Ming Dynasty because the Chinese empire was at a peak. However, the Chinese didn't take advantage of their strong naval fleets and therefore they weren't able to reach North America before Columbus.
Although it was Columbus who discovered the New World in 1492, China could have easily discovered it decades earlier. If China had discovered the New World, the culture of the west would be very similar to that of the east...
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