The correct answer is: It laid the foundations for the beginning of a modern global economy.
The rapid expansion of European powers turned them into powerful global players with vast lands all over the world.
The Europeans used these colonies, as trading posts, sources of supply and local markets to sell their products.
This led to a great expansion in global trade as products from as far as South America began to reach the coast of modern-day Pakistan.
Colonists imported products from as far away as Thailand to be sold in the markets of Brussels.
Global colonialism, expansion and explorations gave rise to the modern global economy and trading routes we now see and enjoy.
