How did mercantilist policies affect the economic system of colonial Latin America?

How did mercantilist policies affect the economic system of colonial Latin America? 


(A) Spain and Portugal actively promoted private enterprise in their colonies.
(B) The colonies were used as a market for manufactured goods shipped from Spain and Portugal.
(C) Mercantilism fostered the growth of open trading throughout the Western Hemisphere.
(D) Industrial exports from Latin America rose steadily throughout the colonial period.
(E) An influx of European currency caused severe inflation in the Latin American economy

Answer: B.



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