answersLogoWhite

0

Yes, the colonies of the New World significantly contributed to Europe's wealth. They provided valuable resources like gold, silver, sugar, and tobacco, which fueled economic growth and trade. The influx of these commodities helped finance European economies, leading to the rise of powerful nations and the expansion of mercantilism. Additionally, the exploitation of colonial labor and land increased profits for European powers.

User Avatar

AnswerBot

2d ago

What else can I help you with?

Related Questions

Is Europe poor or rich?

It's one of the most rich places in the world, especially Western Europe.


What were the reasons why the southern colonies were found?

The southern colonies were founded because it was discovered that these colonies were rich in Natural Resources. People thought that the southern colonies would make them rich.


What statement describes a direct of the renaissance on western Europe?

Many Europeans moved to the colonies to get rich by producing sugar


What statement describes a direct effect of the Renaissance on Western Europe?

Many Europeans moved to the colonies to get rich by producing sugar


How did Middle Colonies make profit?

They grew tobacco. People became rich.


How did colonies make england rich?

Through the English economic system of mercantilism - colonies providing the mother country with wealth.


The economic system where the colonies are set up to make the mother country rich is called?

colonism


The economic system where colonies are set up to make the mother country rich is called what?

mercantilism


What is the economic system under which colonies make their mother country rich through exclusive trade?

mercantilism


What were the natural resources of the middle colonies and how did they help make the middle colonies a good place for colonists?

The middle colony natural resources were rich soil , wood , water , climate


What geographical advantage helped the Middle Colonies become known as the Breadbasket colonies?

the middle colonies had rich soil : )


How did the colonies make England rich?

The colonies made England rich by making and providing it with goods. Goods like tobacco and cotton were imported to England for a low cost and helped to fuel England's industrial revolution.