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What was the role of the colonies in the british mercantilism system?
Wiki User
∙ 9y ago
According to British mercantilist policy, 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.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoAccording to British mercantilist policy, 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.
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What role did mercantilism play in the founding of English colonies?
It helped civilizations gain wealth by how they judged it
What role did mercantilism play in founding of English colonies?
It helped civilizations gain wealth by how they judged it
Under mercantilism what was the role of the colonies in relation to Great Britain?
to provide raw materials for the mother country
What role did colonies play in the mercantilist economic system?
Mercantilism is an economic system that was arranged and became prevalent in European society in the 17th and 18th centuries. The system endorsed the use of a monopoly to control access to and from markets such as the East India Companies set up by the British and Dutch or VOC (French). These companies would hold a monopoly over the trade to a licensed area and the coloneis fit into the theory as a market for the goods developed in the home country to be exported outward and also for raw materials to be fed from the colonial possessions back to the home country for production.
What role did mercantilism play in early European exploration and colonization?
The role that mercantilism played was that the Europeans wanted to be more wealth so they sent people to explore a new lands to make crops and objects that they can sell for more money. The European countries at the time wanted to become wealthier in order to have more power. They wanted to export more and import less. A nation does not have all the resources so many nations set out to find new lands. Many nations created colonies such as England. They began to enforce laws so that the colonies sent the country the raw material, they would manufacture then sell it. This would increase a nation's power.
What was the role of colonies under the practice of mercantilism?
to do their own class work
What role did mercantilism in the founding of English colonies?
It helped civilizations gain wealth by how they judged it
What role did mercantilism play in the founding of English colonies?
It helped civilizations gain wealth by how they judged it
What role did mercantilism play in founding of English colonies?
It helped civilizations gain wealth by how they judged it
Under mercantilism what was the role of the colonies in relation to Great Britain?
to provide raw materials for the mother country
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.
What was the role of colonies in the mercantilism system?
According to British mercantilist policy, 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 was the role of the colonies in the mercantilism system?
According to British mercantilist policy, 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 Economic system where colony's role was to serve the interests of the mothercountry by exporting raw materials and importing manufactured goods?
mercantilism
What role did Britain play in the formation of the early colonies?
(Apex) They provided British factories with raw materials.
What role did colonies fill for Phoenicia?
The colonies took the role of something
What role did colonies play in the mercantilist economic system?
Mercantilism is an economic system that was arranged and became prevalent in European society in the 17th and 18th centuries. The system endorsed the use of a monopoly to control access to and from markets such as the East India Companies set up by the British and Dutch or VOC (French). These companies would hold a monopoly over the trade to a licensed area and the coloneis fit into the theory as a market for the goods developed in the home country to be exported outward and also for raw materials to be fed from the colonial possessions back to the home country for production.
