Under this system, the colonies sent their raw materials, harvested by slaves or native workers, back to their mother country. The mother country sent back finished goods, such as textiles and tools. The colonists could purchase these goods only from their mother country, as trade with other countries was forbidden. Additionally, American silver, tobacco, and other items became European commodities, which are products with a monetary value that could be bought and sold.
Based on the passage above, what was one of the outcomes of changing the native peoples' economic system?
a
Trading overseas was very expensive, which led to new ways of doing business in Europe.
b
Nations employed conquest, colonization, and trade as ways to increase their share of wealth from the New World.
c
Merchants needed to buy goods at low prices so they could make money by selling them for higher prices in other countries.
d
A system of commerce controlled by individuals for profit encouraged a market economy and early capitalism in the New World.