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Refers to European policies that aimed at guaranteeing prosperity by making the European country England as self-sufficient as possible by eliminating its dependence on foreign suppliers, damaging its foreign competitor's commerce.
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How did mercantilism benefit great Britain?
it didn't
How can mercantilism be used in a signifance sentence about colonial life?
Britain had something to do with mercantilism, and they used the colonists to benefit themselves.
What was the main goal of mercantilism?
To increase the nation's (great Britain's) total wealth
What was the purpose of these colonies according to the ideas of mercantilism?
to produce raw materials for Great Britain
What was the purpose of the colonies according to the idea of mercantilism?
to produce raw materials for Great Britain
How did mercantilism benefit great Britain?
it didn't
How can mercantilism be used in a signifance sentence about colonial life?
Britain had something to do with mercantilism, and they used the colonists to benefit themselves.
Was mercantilism more favorable to the colonies or to Great Britain?
Britain this is why some American merchants revolted
What was the main goal of mercantilism?
To increase the nation's (great Britain's) total wealth
What was the purpose of these colonies according to the ideas of mercantilism?
to produce raw materials for Great Britain
What best support the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
What was the purpose of the colonies according to the idea of mercantilism?
to produce raw materials for Great Britain
What does mercantilism consist of?
Mercantilism consists of high tariffs, a monopoly on trade, and low wages. The colonies were only allowed to trade with Great Britain and then they had to buy back the goods that they had originally sold to them except Great Britain had manufactured them into other items.
What statement best supports the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
Under mercantilism what was the role of the colonies in relation to Great Britain?
to provide raw materials for the mother country
What did the british parliament use the policy of mercantilism for?
Britain used Mercantilism to create a very favorable balance of trade for themselves. Parliament used the policy of Mercantilism to exclusively benefit Britain above anyone else. The colonies were to sell raw materials to Britain, where they would then be manufactured into products to be sold in Europe, and back in the colonies. The arrangement banned the colonists from competing with manufacturing.
Why were the colonies important in the theory of mercantilism?
The Colonies were important because they supply Great Britain raw resources and material.
