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This is the practice of Mercantilism. It was most popular among the Western European countries from the 16th 17th and 18th centuries. It's effects are still apparent in third world countries, particularly Sub Saharan Africa.

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16y ago

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The idea that trade with colonies would enrich the mother country is known as?

mercantilism


Did Mercantilists assume that the colonies only existed to enrich the mother country?

yes


What is the name of the economic theory that colonies exist solely to enrich the mother country?

Imperialism.


The economic theory that colonies exist solely to enrich the mother country is called?

http://wiki.answers.com/Q/The_economic_theory_that_colonies_exist_solely_to_enrich_the_mother_country_is_called"


When colonist must sell raw materials to and buy finished products from the mother country it is know as?

Mercantilism


Why would colonist have agreed that they existed only the benefit of the mother country Why or why not?

I think that the colonists would have agreed because it is true.


How did colonies enrich a mother country?

Colonies enriched a mother country primarily through the extraction of valuable resources, such as raw materials and precious metals, which were often not available in the mother country. They provided a captive market for manufactured goods, allowing the mother country to boost its economy and industrial growth. Additionally, colonies often generated profits through trade and agriculture, contributing to the overall wealth and power of the mother country. This relationship fostered economic dependency, where the mother country benefited significantly from the labor and resources of its colonies.


Why were eurpoeans monarchs worried about their colonies in america?

Mercantilism was the basic policy imposed by Britain on its colonies. The colonies were captive markets for British industry, and the goal was to enrich the mother country.


What did the colonist expect to gain from fighting their mother county?

History Hw?


What could humans learn from Mother Nature to enrich their life?

Their origin......In the beginning God created the heavens and the earth and all that is in them.


What other benefits did the colonists get when the moved to the new world?

When the colonist moved to the new world, they got new resources such as gold, silver. New land to populate, grow foodstuff for the mother country they enslaved the indigenious people, produced extra materials to sell to the market in the mother country to make money. They also spreaded their religion into the new world.


Who is the mother country of the Republic of Guinea?

The Republic of Guinea is an independent country. It has no mother country.