European expansion had a lasting economic impact on North America through the establishment of colonies and the exploitation of natural resources. It led to the development of cash crop economies such as tobacco and sugar, the introduction of African slavery, and the establishment of trade networks that laid the foundation for future economic growth in the region.
The lasting economic impact of European expansion on North America can be seen in the establishment of a capitalist economy based on agricultural production and trade networks. Europeans introduced new crops, animals, and farming techniques, which led to the expansion of plantations and commercial agriculture, shaping the economic structure of the continent for centuries to come.
