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What was one way in which mercantilism harmed the colonial economy?
Wiki User
∙ 13y ago
by inhibiting the development of banking and paper currency in the colonies
Wiki User
∙ 13y ago
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What caused the growth of mercantilism?
Mercantilism was an economy theory that posited that the wealthiest nation, particularly in terms of precious metals, would be the most powerful. The demand of the precious metals by the developed countries was one of the causes of mercantilism.
What was an aspect of mercantilism?
One aspect of mercantilism is building a network of colonies overseas.
What form of economy dominated colonial Pennsylvania?
The economy of colonial Pennsylvania was a very successful one. Because of the fertile land in the state, many crops were farmed and were used for food exportation. This brought in a good amount of money for the people of the state.
What was one major effect of the Mughal empire's trade policies in the 17th century?
Mughal leaders began to surrender control of their economy to European powers.
What is the British economic policy of mercantilism?
Not one hundred percent sure, but the policy of mercantilism was that Africans were a better and cheaper labor source.
What caused the growth of mercantilism?
Mercantilism was an economy theory that posited that the wealthiest nation, particularly in terms of precious metals, would be the most powerful. The demand of the precious metals by the developed countries was one of the causes of mercantilism.
What was one major difference between the Commercial Revolution and the Industrial Revolution?
The Commercial Revolution led to the adoption of mercantilism in Europe, while the Industrial Revolution contributed to the end of mercantilism.
What was the economy in colonial Rhode Island?
The economy was based on farming and fishing and evolved into one of boat and ship building, shipping and manufacturing.
What was an aspect of mercantilism?
One aspect of mercantilism is building a network of colonies overseas.
What was aspect of mercantilism?
One aspect of mercantilism is building a network of colonies overseas.
What form of economy dominated colonial Pennsylvania?
The economy of colonial Pennsylvania was a very successful one. Because of the fertile land in the state, many crops were farmed and were used for food exportation. This brought in a good amount of money for the people of the state.
One species wins and the other isn't harmed or helped?
one species wins and the other isn't harmed or helped one species wins and the other isn't harmed or helped
What is the economic policy of mercantilism?
Not one hundred percent sure, but the policy of mercantilism was that Africans were a better and cheaper labor source.
What is the British policy of mercantilism?
Not one hundred percent sure, but the policy of mercantilism was that Africans were a better and cheaper labor source.
Is anyone harmed making computers?
no one is harmed making computers but its very hard work.
What was one major effect of the Mughal empire's trade policies in the 17th century?
Mughal leaders began to surrender control of their economy to European powers.
What is the British economic policy of mercantilism?
Not one hundred percent sure, but the policy of mercantilism was that Africans were a better and cheaper labor source.
