William Penn believed deeply in religious freedom and tolerance.
<span>B) The laws let the people choose the ruler. </span>
The quote just saying that he feel like he belong to the human race itself more strongly than any culture/nationality.
It benefited in numerous ways but mainly it and maybe most importantly it gave them the access to the China trade. The Pacific route was also Spain's exclusively for a certain period of time and there was also a great need for silver in China which was supplied by the Spaniards from their silver mines.