What was a major result of the european policy of mercantilism in latin america?

The major impact mercantilism had in Latin America was the establishment of Colonies from major European Powers at the time, such as Spain and Portugal.

Those countries needed colonies so they could extract raw materials that would be useful to produce more goods and sell them.

At the time, mercantilism and the quantity of gold and silver were what determined if a country was powerful or not, because of that, Portugal and Spain became the major powers at the time.

This caused the major loss of gold and silver, the destruction of native people who lived in those Latin American countries, the slavery of those people, and the mass destruction of forests and nature.

On the other side, mercantilism developed those countries and made possible for them to become independent eventually.

answer; i believe that they became wealthy from gold and salt in their area, and became powerful by controlling trade in west

the aksumite empire was an ancient kingdom located in what is now northern ethiopia from the period of 100 ad to 940 ad. its capital was the city of aksum. the kingdom established itself as one of the 4 great powers at its time, along with persia, rome, and china.

the kingdom was rich in goods like gold, iron, and salt. it established strong commercial ties with the regions governed by rome, egypt, and persia (arabia). aksum was a key location in this commercial network. trade was also facilitated with the introduction of the aksumite currency.