4. Chartered companies located in the "New World"supplied European monarchs with exotic and hard-to-find raw materials food products What did the companies receive in return?cbo a monopoly on trade in that area and military protection if needed knighthood and a piece of land for each of the company's top managers permission to trade anywhere in the monarch's territories or colonies enough money to buy several ships and a set of that country's flags

## Step 1<br />The question is asking about the benefits that chartered companies in the "New World" received in return for supplying European monarchs with exotic and hard-to-find raw materials and food products. <br /><br />## Step 2<br />Chartered companies were essentially monopolies that had been granted the exclusive rights to conduct trade in certain regions. In return for these rights and the resources they provided, they received certain benefits from the European monarchs.<br /><br />## Step 3<br />The options provided are:<br />a) a monopoly on trade in that area and military protection if needed<br />b) knighthood and a piece of land for each of the company's top managers<br />c) permission to trade anywhere in the monarch's territories or colonies<br />d) enough money to buy several ships and a set of that country's flags<br /><br />## Step 4<br />Option a) suggests that the companies received a monopoly on trade in that area and military protection if needed. This aligns with the nature of chartered companies, which were granted exclusive rights to trade in certain regions and often received military protection to safeguard their interests.<br /><br />## Step 5<br />Option b) suggests that the companies received knighthood and a piece of land for each of the company's top managers. This is not typically associated with the benefits of chartered companies.<br /><br />## Step 6<br />Option c) suggests that the companies received permission to trade anywhere in the monarch's territories or colonies. This is not accurate as chartered companies were granted exclusive rights to trade in specific regions, not anywhere in the monarch's territories or colonies.<br /><br />## Step 7<br />Option d) suggests that the companies received enough money to buy several ships and a set of that country's flags. This is not typically associated with the benefits of chartered companies.