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As the European power grew more industrialized their colonies became very important as a source of what.

User Vivek Raja
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Answer:

As the European power grew more industrialized their colonies became very important as a source of raw materials, such as iron, that were needed in the factories back in Europe.

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User Emil Johnsson
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As the European power grew more industrialized their colonies became very important as a source of raw materials, such as iron, that were needed in the factories back in Europe. 
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