0
What impact would mercantilism have on the british colonies and why?
Wiki User
∙ 9y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Fundamental goal of British mercantilism was to?
the British wanted the colonies to establish an economy to their advantage. They would use high taxes and tariffs to obtain money for their advantage.
British authorities based their colonial commercial policies on the theory of?
The Navigation Acts were an attempt to put the theory of Mercantilism into practice in the British colonies. The object of mercantilism was to minimize imports that cost the nation money, and maximize exports that made the nation money. Colonies were a means of reducing England's dependence on foreign nations. Each colony would provide a raw material to England and this would allow the nation to not have to purchase that product from another nation. By establishing colonies loyal to the Crown, Great Britain would be expanding a dependable market for the finished products coming out of British industries.
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.
What was the British view on Mercantilism?
England believed that the colonies were set up for the benefit of England all the products produced in the colonies should go to the mother country (England) were the products would then be sold back to the colonies for really high prices.
The idea that trade with colonies would enrich the mother country is known as?
mercantilism
What role did colonists play in mercantilism?
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.
How were colonies to a country with the economic policy of mercantilism?
The object of mercantilism was to minimize imports that cost the nation money, and maximize exports that made the nation money. Colonies were a means of reducing England's dependence on foreign nations. Each colony would provide a raw material to England and this would allow the nation to not have to purchase that product from another nation. By establishing colonies loyal to the Crown, Great Britain would be expanding a dependable market for the finished products coming out of British industries.
Did british mercantilism provide the colonies with substantial economic benefits such as military protection?
Military protection is not an economic benefit. While it does benefit the economy to have military protection, defense policy is usually considered separate from actual economic regulation, such as: international trade policy, local trade policy, taxation, employment, support for entrepreneurship, mobility of workers, worker's rights, etc.Given that economic benefits and military protection are two separate entities, there are really two questions here: Did British mercantilism provide the colonies with (1) substantial benefits like military protection or (2) substantial economic benefits?(1) Did British mercantilism provide the colonies with substantial benefits like military protection?YES. Part of British Mercantilism was to provide for the defense of the colonies both against threats from Native American Tribal Groups and other European Powers. The British were also responsible for the general security of the colonial administration. While colonists were responsible for managing the day-to-day police work and governance, the benefit conferred by the British maintaining a troop presence in the colonies helped secure the region immensely.(2) Did British mercantilism provide the colonies with substantial economic benefits?NO. According to mercantilism as imposed by the British, 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 actions severely hampered the ability for colonists to trade with third parties for cheaper goods or create domestic industry. The colonists actually went out of their way to smuggle in goods from afar and create their own small domestic manufactures. If the British rules were actually followed it would have kept the colonies in a state of economic dependence on Britain.
How were the colonies important to a country with economic policy mercantilism?
The object of mercantilism was to minimize imports that cost the nation money, and maximize exports that made the nation money. Colonies were a means of reducing England's dependence on foreign nations. Each colony would provide a raw material to England and this would allow the nation to not have to purchase that product from another nation. By establishing colonies loyal to the Crown, Great Britain would be expanding a dependable market for the finished products coming out of British industries.
How were colonies important to a country with the economic policy of mercantilism?
The object of mercantilism was to minimize imports that cost the nation money, and maximize exports that made the nation money. Colonies were a means of reducing England's dependence on foreign nations. Each colony would provide a raw material to England and this would allow the nation to not have to purchase that product from another nation. By establishing colonies loyal to the Crown, Great Britain would be expanding a dependable market for the finished products coming out of British industries.
How mercantilism benefit England?
Each colony would provide raw materials to England and this would allow the nation to not have to purchase that product from another nation. By establishing colonies loyal to the Crown, Great Britain would be expanding a dependable market for the finished products coming out of British industries. The colonies would always have a market for their goods, and could buy British products from their industry at a lower cost.Copy from How_did_colonist_benefit_from_mercantilism
How did colonist benefit from mercantilism?
Each colony would provide raw materials to England and this would allow the nation to not have to purchase that product from another nation. By establishing colonies loyal to the Crown, Great Britain would be expanding a dependable market for the finished products coming out of British industries. The colonies would always have a market for their goods, and could buy British products from their industry at a lower cost.
