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List the ways in which overseas colonies contribute to industrialization in Europe.

List the ways in which overseas colonies contribute to industrialization in Europe.

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Kavungya
- They provided markets for industrial goods
- They provided raw materials used in the industries
- The Europeans exploited the resources to obtain capital which they used to invest in industries
- They were able to obtain slaves who worked in the plantations which in return provided raw materials for the industries.
- The colonies paid taxes which were used to set up industries in their mother countries.
Kavungya answered the question on April 18, 2019 at 13:43

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