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LESSON 13

Early Settlements Unit Test
Early Settlements Unit Test
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How did owning more colonies make England rich? Explain with specific details in 1-2 sentences. (2 points)
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User AMT
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Final answer:

Owning more colonies made England rich by providing raw materials, captive markets, and trade monopolies.


Step-by-step explanation:

Owning more colonies made England rich through various means:

  1. The colonies provided a steady supply of raw materials, such as tobacco, cotton, and indigo, that were in high demand in Europe.
  2. Colonies served as captive markets for English manufactured goods, allowing the country to export its products and generate revenue.
  3. By controlling colonies, England could establish trade monopolies and impose tariffs on other countries, further enhancing its economic power.

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