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Which of these economic systems developed as European countries began establishing overseas colonies?
Wiki User
∙ 9y ago
mercantilism
Wiki User
∙ 9y ago
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How did mercantilism contribute to european colonization in north America?
1- The colonies offered political freedoms not found in European countries. 2- European countries could sell colonial goods in Asia. 3- Colonies provided manufactured goods for European countries. 4- Colonies provided cheap raw materials for European nationa.
How did their status as colonies of European powers have an effect on the development of many less developed countries?
Countries that were colonized by European nations had the benefit of a military presence that less developed nations did not have access to. However, these same nations had to fight for independence from the colonizing nation to benefit from the resources that were previously taken away and sent to the homeland.
During what period of colonization developed countries did what?
Extracted resources from their colonies
What was the mercantilism system?
The mercantilism system was an economic system prevalent in the 17th and 18th centuries. It relied on the European countries deriving wealth from their colonies.
How did European expansion create the first global economic system?
European imperialism allowed for closer relations between the mother/fatherland and their colonies. Because of this, often European countries had access to cheap raw goods and cheap labor. This was soon expanded beyond just countries the Europeans had colonized and spread to most countries. Globalization started up because of imperialism.
When did European countries begin establishing colonies in central America?
1821
What was one way that European countries increased their wealth and power?
establishing colonies in North America
European countries were interested in establishing colonies in Asia to control which industry?
spice trade
What one way European countries increased their wealth and power?
Establishing colonies in North America
What was one way that European countries their wealth and power?
Establishing colonies in North America. Apex
What did European countries gain from establishing colonies in different parts of the world?
The natural resources of the country they colonised.
What What was one way European countries increase wealth and power?
Establishing colonies in North America. Apex
European countries were interested in establishing colonies in Asia because they wanted to control which industry?
the spice trade
How many European countries held African colonies by 1914?
7 European Countries were held African colonies by 1914.
What effects did the age of exploration have on the world?
The Age of Exploration introduced New World crops to the Old World and vice versa. It led to European countries establishing colonies in the Americas.
What advantages did ruling countries get from establishing colonies?
They get territory, which comes along with power.
Which European countries had colonies in the Americas?
britian
