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Mercantilism is the economic policy that a metropole (mother country) should have a number of colonies that provide it material wealth, unrefined resources, and a market for its goods. As a result, according to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their Natural Resources for less than they would be worth and by buying manufactures for much more money.
These two behaviors resulted in mercantilism providing an economic benefit to the metropole.
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Who had the theory which held that colonies exist for the benefit of the home country?
Mercantilism
The idea that trade with colonies would enrich the mother country is known as?
mercantilism
An economic system in which colonies supply goods to the mother country is called .?
The economic system is called mercantilism.
The economic system where colonies supply goods to the mother country is called .?
The economic system is called mercantilism.
British monarch who thought the colonies existed for the benefit of the mother country?
British monarch who thought the colonies existed for the benefit of the mother country
The idea that colonies existed to benefit the mother country called?
Mercantilism.
Which was true for the colonies under mercantilism?
Their activities were to benefit only the mother country.
What did the mercantilists believe?
Mercantilism is the belief that colonies exist for the benefit of the mother country.
What was true for the colonies under mercantilism?
Their activities were to benefit only the mother country.
Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country?
(True) that is the theory of mercantilism.
The belief that colonies exist to benefit the economy of the mother country is known as?
Mercantilism. Held in the early days of settelment of the americas.
Why does the mother country benefit under the policy of mercantilism?
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What is the economic system in which colonies only exist for the profit or benefit of the Mother Country?
Mercantilism
What is an economic theory that a country's strength is measured by the amount of gold that a country should sell more than it buys that the colonists exist for the benefit of the Mother Country?
mercantilism
How will mercantilism benefit the Mother country?
If trade expands in the colonies it will make the colony stronger and more popular (more settlers) and the trading products will go the the mother country
What was the purpose of founding all the colonies?
The main purpose of founding the American Colonies was for the economic benefit and prestige of the mother country, through a system of mercantilism.
Who had the theory which held that colonies exist for the benefit of the home country?
Mercantilism
