Economic Impact of the Columbian Exchange
Which of the following best describes a primary economic consequence of the Columbian Exchange for European societies?
A
A widespread economic depression caused by the influx of gold and silver from America.
B
Expansion of global trade networks facilitating the influx of New World crops to Europe.
C
The immediate decline in feudalism due to shifts in land use and labor systems.
D
The failure of mercantilist policies as free-market capitalism quickly took hold in European nations.
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