What statement best describes the relationship between colonialitzation and slavery in the centuries following the 1500?

Colonialism and slavery were closely intertwined in the centuries following 1500. European colonial powers established empires built on the exploitation of enslaved peoples in their overseas territories, primarily to extract resources and labor for economic gain. The transatlantic slave trade played a significant role in supplying enslaved labor to European colonies in the Americas, leading to the entrenchment of racial hierarchies and the enduring impact of slavery on societies worldwide.