What economic need is often cited by historians as a reason for the colonization of other countries by europe?

Merchants needed more natural resources to continue manufacturing goods.

Explanation:

well the fact it is basically a peninsula allowed trade to come from many places, thus allowing cultural diffusion to take place. india has seasonal monsoons that merchants travel back and forth from india using the monsoons wind patterns

the outcome of 1970 oil crisis in united states was that, they began to search ways on how to reduce oil.

in 1970 was a period when there were energy and oil crisis. those who were major centers for industrialization were forced to keep way from supplying of petroleum.

some of the result of this crisis was economic growth became stagnant because prices of oil surged.

due to the increased prices some countries like mexico and norway benefited.