What roles did colonies play in the global economy?

(Select all that apply.)

Colonies were new markets where merchants could sell their goods.

Colonies provided imperial powers with more culturally diverse citizens.

Colonies provided resources for making manufactured goods in industrialized countries.

Colonies established new travel destinations for Europeans.

Colonies were new markets where merchants could sell their goods.

Colonies provided resources for making manufactured goods in industrialized countries.

Explanation:

Colonial exploitation was beneficial to the economy of the metropoles for two main reasons resulting from the Colonial Pact.

First, the colonial pact established that colonies could only buy products from their European metropole. Consequently, the colonies became new markets for the disposal of European products.

Second, the colonies became suppliers of natural resources that were exported to Europe to manufacture.

In the end, the process of import and export between European countries and colonies was beneficial to global GDP.