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Colonies were important in the mercantile economic systems because they were markets in which to buy products from the home country.
The economy of the southern colonies was so dependent because they believed in helping eachother out.
The Southern Colonies were of an agrarian economy, so they worked in agriculture, which called for plantations for the crops and the slaves to work on the crops. This became so deeply rooted that this is why the Southern Colonies that were soon to be the Southern States wished for slavery to be legal in the US.
The New England Colonies were cold, rocky, and had tons of trees. They couldn't farm for profit so they built ships, and whaled. The Southern Colonies were warm with rich soil and so they were able to base their economy on agriculture. Since the Middle colonies were ,well, in the middle they were a great place for trade!
Trade and mercantilism shaped the government of the British colonies.
Colonies were important in the mercantile economic systems because they were markets in which to buy products from the home country.
many of their crops were successful , and also their economy started to do well too.
many of their crops were successful , and also their economy started to do well too.
the relationship between the two is depicted by mercantilism is a new economic policy and colonization is the establishment of colonies; "the British colonization of America" so the British colonized colonies and made a new mercantilism.
the relationship between the two is depicted by mercantilism is a new economic policy and colonization is the establishment of colonies; "the British colonization of America" so the British colonized colonies and made a new mercantilism.
When the people went to explore, they found spices, plants, animals, and food. So these items led to producing a market economy, supply and demand, capitalism, and mercantilism.
The economy of the southern colonies was so dependent because they believed in helping eachother out.
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.
lol do you have newhalfen? hes awesome but I have to do this essay now so bai!
lol do you have newhalfen? hes awesome but I have to do this essay now so bai!
NO. Generally speaking, the restrictions on trade imposed on the colonies because of mercantilism led to an extraction of wealth from the colonies and a sending of that wealth to the metropole. Accordingly, the economy of many colonial regions was supplemented quite substantially by smuggling or illegal trading with other more-proximate colonial regions and foreign powers that could provide goods with less of a possibility of wealth extraction.
The Southern Colonies were of an agrarian economy, so they worked in agriculture, which called for plantations for the crops and the slaves to work on the crops. This became so deeply rooted that this is why the Southern Colonies that were soon to be the Southern States wished for slavery to be legal in the US.