What was the economic reason behind the colonization of the Americas? 🔊
The economic reason behind the colonization of the Americas was primarily driven by the pursuit of wealth, including precious metals, resources, and trade opportunities. European powers sought to establish profitable colonies to exploit natural resources, engage in agriculture, and develop trade routes. The mercantilist policies of the time emphasized the accumulation of wealth through trade surplus and the exploitation of new markets. Colonization provided access to lucrative goods like sugar, tobacco, and cotton, which fueled European economies and competition among empires, ultimately changing the global economic landscape.
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