An economic consequence of the material wealth returned to Europe due to colonization and exploration was
a. increased upward mobility for lower-class citizens.
b. a greater reliance on industry rather than agriculture.
c. increased government spending on public works initiatives.
d. high unemployment, as wealth shifted from goods production to the financial sector.
Answer:
b. a greater reliance on industry rather than agriculture.
Explanation:
Colonization and exploration had some effects on Europe, particularly Spain as the wealth gained by colonists made the Spanish monarch more powerful.
As a result of this material wealth that came to Spain because of colonization and exploration, there was a greater reliance on industry rather than agriculture which made the economy of Spain to be weak.
