John :
- The economic rather than political aspect of European colonialism has always interested me.

Francis :
- I know. It is clear from most of the papers you have presented so far. So you think that colonial exploitation in the past was the major source of Europe’s economic prosperity.

John :
- ----

Francis :
- Agreed. Indeed, it is impossible to imagine this prosperity without them.

A) Actually, Britain’s American colonies had no significant mineral wealth and, therefore, they turned to agriculture.

B) Moreover, as far as I am concerned, the Spanish colonial economy was dominated by mining.

C) On the other hand, the Portuguese government allowed only Portuguese merchants to trade with their own colonies.

D) Absolutely. For instance, Europe’s growing wealth in the eighteenth century was simply the result of its colonial possessions.

E) To compete with the British, the French government encouraged the development of sugar-producing colonies in the West Indies.