The economic development of the New World was only possible because of

Question

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The economic development of the New World was largely dependent on the slave trade. The forced labor of millions of enslaved Africans in plantation agriculture and mining allowed European colonies in the Americas to produce vast quantities of cash crops such as sugar, tobacco, and cotton, which created immense wealth for their European masters. The investment from Europe, immigration, and rivalry between European states were also factors, but not the primary driver behind the economic development of the New World.

The Economic Development of the New World Was Only Possible