Which statement best reflects the effect of mercantilism on the colonies in Latin America?
a. Markets in the colonies were closed to manufactured goods from the mother country.
b. Land was distributed equally between the social classes.
c. Industries in the colonies manufactured the majority of finished goods for the mother country.
d. The wealth of the colonial power increased at the expense of the colony.
The statement that best reflects the effect of mercantilism on the colonies in Latin America would be that "d. The wealth of the colonial power increased at the expense of the colony," since Britain put strict trade rules in place.
