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Under the mercantilist system the American colonies were supposed to?
Wiki User
∙ 15y ago
provide England with necessary raw materials so that they can sell back the materials in the form of a product for more money, which made England richer
Wiki User
∙ 15y ago
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Why were colonies important in the mercantilist system?
The mercantilist system was when the English (and other countries) were expanding and looking for more income or revenue, and founding colonies was a very key way to do that.
In a mercantilist system a country tries to increase its and decrease its .?
Exports, Imports.
How were colonies viewed in the mercantilist system?
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.
What action would be encouraged under a free enterprise system but discouraged under a mercantilist system?
Importing cheap consumer goods from foreign countries
What actions would be encouraged under a free enterprise system but discouraged under a mercantilist system?
Importing cheap consumer goods from foreign countries
Why were colonies important in the mercantilist system?
The mercantilist system was when the English (and other countries) were expanding and looking for more income or revenue, and founding colonies was a very key way to do that.
Under which system did England use the American colonies to supply its need for resources?
The Mercantile System used American colonies to supply England's needs for resources.
Did both Spain and Portugal closely regulated trade with their American colonies to keep others out?
Yes. All five major European colonizers in the early 1600s to the early 1800s did this (UK, France, Spain, Portugal, Netherlands). It was part of the Mercantilist Economic System which prevailed at that point.
In a mercantilist system a country tries to increase its and decrease its .?
Exports, Imports.
Where were the American colonies allowed to trade their goods in the system of triangular trade?
England and its other colonies A+
In the system of triangular trade where were the American colonies allowed to trade their goods?
England and its other colonies A+
Why is mercantilism important to US History?
Mercantilism was important to the British controlled 13 American colonies. Since the United States was based on the formation of these British ruled colonies, the economic system was of importance to them. It was also a factor in the rebellion of these colonies and their departure from the British Empire.For a long period of time, the Empire was not focused on her American colonies. Important conquests on a world wide basis were on the minds of Great Britain, as much of the empire had to deal with native peoples who had no "natural loyalty" to the British Crown. This was in spite of the cotton and tobacco crops of the colonies.Prior to 1783, the colonies enjoyed a good degree of self government;* The colonies disregarded many of the Crown's mercantilist laws;* This included the so-called Navigation Acts.Then due to the French and Indian War, things began to change. The French were defeated by the British in "continental" America. This however, left a bad taste with the British as they did not consider the efforts of the colonists to help in that war to be adequate.With that in mind, King George and the Tory party became determined to reestablish better control of the colonies and compel the colonies to bear part of the cost of this war.The economic affect on the colonies was the enforcement of mercantilist laws and to increase taxation as much as possible.The Mercantilist economic laws were geared to be an aid to the Mother country and less so for her colonies. Colonial defiance of the Crown's mercantile systemwas one part of the reason the American colonies rebelled against the British Empire.
How was clay's American system supposed to work?
Clay's American system was supposed to work to benefit the economy, and therefore the entire country. Money from Tariffs was to be used in order to improve the countries infrastructure.
What is a example of a unitary system of government in American history?
the american colonies under gereat britan
Who were the highest authorities in the judicial system in the early American colonies?
Governors
What is the mercantilist system role with el salvadors parent country?
Do you have Mr. Ventura as a teacher
How did the navigation act the system of mercantilism?
Mercantilism requires that the colonies exclusively trade with the metropole in order to provide it the economic advantage of being the sole source of finished goods for the colonies. The Navigation Acts prevented the colonists from going to foreign ports or have foreign ships dock for trading in colonial ports in order to preserve the exclusivity required by the mercantilist system.
