Final answer:
Economic instability, along with other factors, prevented England and other European countries from participating in the race for trade and land. Option C is correct.
Step-by-step explanation:
The reasons why England and other European countries weren't able to participate in the race for trade and land can be attributed to multiple factors. One major factor was the economic instability that these countries faced. While industrialization was advancing in European nations, African, Latin American, and Asian nations, except for Japan, lagged behind, leading to an economic, technological, and military disadvantage for these countries. Additionally, the establishment of European colonies in the Americas and Asia gave European nations like Britain and France access to capital, resources, and markets, further aiding their industrial development.
Religious differences, political conflicts, and a lack of resources can also be considered as contributing factors. However, economic instability played a significant role in limiting the participation of England and other European countries in the race for trade and land.