From the book "Why Nations Fail" Atlantic trade and colonization gave led Spain to experience incredible economic growth. In response to this growth the Spanish crown monopolized trade. WHAT HAPPENED NEXT? *Spain became an inclusive nation. *The development of monopolies allowed for creative innovation. *The pluralism experienced from economic growth led to increased property rights. *Monopolization of trade created extractive economic institutions and didn't allow for creative innovations.
The correct answer is Option D. Monopolization of trade created extractive economic institutions and didn't allow for creative innovations.
From the book "Why Nations Fail" Atlantic trade and colonization gave led Spain to experience incredible...