Final answer:
The reverence for the elderly in colonial times was due to the fact that older individuals were considered wise and valuable.
Step-by-step explanation:
The reverence for the elderly common in colonial times is thought to be due to the fact that older individuals were considered wise and valuable. Many preindustrial societies observed gerontocracy, a type of social structure wherein the power is held by a society's oldest members. In some countries today, the elderly still have influence and power and their vast knowledge is respected.