Why Did the Spanish Colonies Fail to Produce Long-Term Economic

Multiple Choice

Why did the Spanish colonies fail to produce long-term economic growth for Spain?

A) The Portuguese challenged the Spanish in the Americas.
B) The Spanish were too reliant on mineral wealth alone.
C) More advanced militaries were being developed by European powers.
D) Spain's long-term investments in other products did not pay off.
E) Spanish colonies lacked the rich soil needed for a lucrative staple crop.