An economic consequence of the material wealth returned to Europe due to colonization and exploration was

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.

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.

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