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What part did trading posts and colonies play in the economic theory of mercantilism?
Trading posts and colonies were central to the economic theory of mercantilism, which emphasized the accumulation of wealth through a favorable balance of trade. Colonies provided raw materials that the mother country could not produce itself, allowing it to export finished goods and generate profits. Trading posts facilitated control over key trade routes and resources, ensuring that wealth flowed back to the home country. This system aimed to enrich the nation and increase its power by establishing monopolies over trade and resources.
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Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country?
(True) that is the theory of mercantilism.
What statement best supports the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
What is the economic theory that supported colonialism?
Mercantilism :)
What is the theory of mercantilism?
The theory of mercantilism is economic philosophy underlying early European colonial policy. This is to increase the wealth of the metropole (mother country). In 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.
Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country?
(True) that is the theory of mercantilism.
What economic theory did European nations follow in their creation of colonies?
mercantilism
What economic theory helped define the relationship between England and the colonies?
Mercantilism
What best support the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
The seventeenth century theory which viewed colonies primarily as sources of raw material is?
Mercantilism is the economic system where colonies provided raw materials to England.
The 17th century economic theory which viewed colonies primarily as sources of raw materials?
Mercantilism
What statement best supports the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
What was the basic economic and political theory that the 16th and 17th century European powers governed their overseas colonies with?
Mercantilism.
Basic economic and political theory by which seventeenth and eighteenth century European powers governed their overseas colonies?
mercantilism
The basic economic and political theory by which seventeenth- and eightennth- century European powers governed their overseas colonies?
mercantilism
The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
What is the economic theory that a nation became strong by expanding trade finding gold and setting up colonies?
Mercantilism Skinny Pimp
