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Earn +20 ptsQ: What where two reasons that European nations needed gold?
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Name two reasons that European nations needed gold?
they wanted to be rich and use it as a means to store and measure wealth because they believed that gold was a rock valuable and that it was difficult to find it any where in the world.
Why did European nations want to establish colonies in Africa?
It was colonized because there was a lot of gold and diamonds in Africa
How did colonies help European countries enrich their treasuries?
colonies helped nations do this by providing gold and silver mines, producing goods that could be traded for gold and silver
What were Reason for European exploration?
I think its gold, glory, and god
What is the term for the use of gold as a nations currency?
The Gold Standard. As of 2014 no nation uses a gold standard as the basis of its monetary system, although many hold substantial gold reserves.
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