Why did mercantilism in Spain fail to produce the positive benefits seen in England and France?(1 point)
Responses
Spanish colonies continued to use the encomienda system rather than chattel slavery.
Spanish colonies continued to use the encomienda system rather than chattel slavery.
Spain did not invest the gold and silver it received from its colonies.
Spain did not invest the gold and silver it received from its colonies.
Spanish colonies did not produce important raw materials.
Spanish colonies did not produce important raw materials.
Spain never established colonies in the Americas.
Spain did establish colonies in the Americas, so this statement is incorrect.
The correct answer is: Spain did not invest the gold and silver it received from its colonies.