Final answer:
The pursuit of 'God, Gold, and Glory' by the conquistadors altered economic policy in Europe by leading to the rise of capitalism, the expansion of trade routes and colonization, and the establishment of a mercantilist system.
Step-by-step explanation:
The pursuit of 'God, Gold, and Glory' by the conquistadors altered economic policy in Europe in several ways. Firstly, the influx of gold and silver from the Americas to Europe resulted in the rise of capitalism, as merchants profited from trade with Asia and the Americas. This led to the growth of private industries and the formation of joint-stock companies. Secondly, the search for wealth in the New World fueled the desire for more trade routes and resources, which prompted European nations to invest in exploration and colonization. Finally, the conquistadors' quest for material gain led to the establishment of a mercantilist economic system, where colonies were exploited for their resources to benefit the European powers.