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Mercantilism, with its focus on accumulating wealth through trade and the exploitation of colonies, led to the underdevelopment of Africa by prioritizing European interests over local economies. Colonizers extracted resources and raw materials while imposing trade restrictions, preventing African societies from developing their industries and economies. This exploitation disrupted traditional economies and social structures, leaving many regions reliant on a single commodity or export. Consequently, Africa was left with weakened economic foundations and limited opportunities for sustainable development.
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Under the economic policy of mercantilism which of these did the colonies not have to do?
Under the economic policy of mercantilism the thing that the colonies did not have to do was Manufacture the same items that were produced to England ------> Is MpK
What is mercantilism main goal?
Under the idea of mercantilism, a country will be economically successful if it has more exports than imports.
What was a common policy under mercantilism?
Restricting imports
What did the colonies consider themselves under mercantilism?
They were considered colonies... That was the whole principle of mercantilism: colonies helping the economic success of the motherland.
England controlled the external trade of the colonies under which policy?
mercantilism
Under the economic policy of mercantilism which of these did the colonies not have to do?
Under the economic policy of mercantilism the thing that the colonies did not have to do was Manufacture the same items that were produced to England ------> Is MpK
What is mercantilism main goal?
Under the idea of mercantilism, a country will be economically successful if it has more exports than imports.
What was a common policy under mercantilism?
Restricting imports
What did the colonies consider themselves under mercantilism?
They were considered colonies... That was the whole principle of mercantilism: colonies helping the economic success of the motherland.
How was the free enterprise system different from mercantilism for 18th- and century Europeans?
Under free enterprise, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
England controlled the external trade of the colonies under the policy of?
mercantilism
What was the role of colonies under the practice of mercantilism?
to do their own class work
England controlled the external trade of the colonies under which policy?
mercantilism
How was the free enterprise system different from the mercantilism for 18th and 19th century Europeans?
Under free enterprise, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
Which was true for the colonies under mercantilism?
Their activities were to benefit only the mother country.
What was true for the colonies under mercantilism?
Their activities were to benefit only the mother country.
Why does the mother country benefit under the policy of mercantilism?
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