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The doctrine of Mercantilism that governed the shift towards colonialism was based on the idea that vast amounts of untapped, raw resources were abundant in the "New World". Lumber, for instance, was in short supply in Britain, but plentiful in the Americas.

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How did british companies plan to make money from the colonies they sponsored?

The doctrine of Mercantilism that governed the shift towards colonialism was based on the idea that vast amounts of untapped, raw resources were abundant in the "New World". Lumber, for instance, was in short supply in Britain, but plentiful in the Americas.


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