What role did colonialism play in the development of mercantilism? (1 point)
Colonies provided raw materials and served as captive markets for the mother country
Colonial powers aimed to establish egalitarian societies through economic integration
Colonies served as centers for cultural exchange and intellectual development
Colonial powers sought to spread democratic ideals through trade
Which of the following best describes the Commercial
Revolution? (1 point)
the exchange of goods, diseases, and ideas that resulted from contact between the New World and Old World
the "discovery" of the New World that prompted European nations to establish territories
the influx of silver that resulted in economic turmoil for European nations
the establishment of new economic, political, and social systems as well as banking and a futures market