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Mercantilist theories caused European nations to abandon their overseas colonies.
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.
buying raw materials from the colonies and selling them as finished products
"Do you want to be a mercantilist?"
The main purpose of England's mercantilist policy was to maximize profits through monopoly within colonies. American colonies were exploited by England for their raw materials, which were shipped to England for processing and sold back to other colonies at a significant mark up.
Mercantilist theories caused European nations to abandon their overseas colonies.
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.
buying raw materials from the colonies and selling them as finished products
"Do you want to be a mercantilist?"
The main purpose of England's mercantilist policy was to maximize profits through monopoly within colonies. American colonies were exploited by England for their raw materials, which were shipped to England for processing and sold back to other colonies at a significant mark up.
Colonies were important in the mercantile economic systems because they were markets in which to buy products from the home country.
true
they prevented the colonists from trading with other foreign countries
Goods needed to come from somewhere. Colonies were great as they had a ton of free goods. A lot of the goods found in America were not native to home countries.
The goal of a mercantilist economy was to support the parent country and make them more money. Colonies were used to get raw materials shipped back to the parent country so they could produce goods and sell them for money. The parent country also made money on the taxes they put on everything that had to be shipped to them from the colonies before they could be shipped somewhere else.
i don't know i don't care about this question i just need this question for my homework
Strained. British ruled from afar without much thought except for profit.