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There was a one-way flow of wealth favoring the colonizers.

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Jay O'Connell

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3y ago

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During the period of colonization developed countries did what?

Extracted resources from their colonies


During what period of colonization developed countries did what?

Extracted resources from their colonies


What was the result of developing countries extracting from their colonies?

There was a one-way flow of wealth favoring the colonizers.


Why were most colonies developed in new France?

Most colonies were developed in New France because of fur trading and resources such as medical items.


Why was it important for Europe's countries to have colonies?

European countries were battling for land, power, resources, etc., which meant they needed colonies.


Why did spanish success at extracting gold from their colonies ultimately result in financial ruins?

Spain did not have the commercial infrastructure to profit from its colonies. The gold went to other European countries.


What was the relationship between colonizing countries and their colonies?

The colonizers used the resources of their colonies to grow their own economies.


What is the relationship between colonizing countries and their colonies?

The colonizers used the resources of their colonies to grow their own economies.


Which of these economic systems developed as European countries began establishing overseas colonies?

mercantilism


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.


Why did European countries found colonies?

European countries founded colonies because they wanted the New World's land for resources such as gold and fur. They also wanted to expand their empire.


What benefit colonies supposed to have for the nations who had them?

The colonizers used the resources of their colonies to grow their own economies.