How did the Northern colonies benefit economically from slavery?(1 point) Responses Northern merchants were involved in the slave trade. Northern merchants were involved in the slave trade. Most enslaved people lived in the Northern colonies. Most enslaved people lived in the Northern colonies. Northern elites owned most of the plantations in the South. Northern elites owned most of the plantations in the South. There were large plantations in the North.

Answer 1

The most accurate response to how the Northern colonies benefited economically from slavery is: Northern merchants were involved in the slave trade.

Northern merchants played a significant role in the transatlantic slave trade, profiting from the commerce related to the sale and transport of enslaved people between Africa, the Americas, and Europe. Additionally, Northern industries produced goods that were exchanged for enslaved people, and many Northern financial institutions benefited from investments related to the slave economy.