52.9k views
4 votes
What was one effect in Europe of the financial success of American colonies?

A) Increased trade with Asia
B) Economic inflation
C) Expansion of feudalism
D) Improved healthcare

1 Answer

1 vote

Final answer:

The correct answer is option B) Economic inflation.

Step-by-step explanation:

The financial success of American colonies had various effects in Europe. One significant effect was the rise of capitalism, which resulted from the massive extraction of gold and silver from the Americas to Europe. The influx of precious metals led to economic inflation, as the increased amounts of gold and silver flooded into Europe, causing the prices of goods to increase.

This economic transformation also allowed for the development of a wealthy merchant class and the growth of trade networks.

User Dick Larsson
by
8.4k points

No related questions found