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Under what theory were colonies allowed to trade only with the home country?

Colonies were allowed to trade only with the home country under the theory of mercantilism. This economic policy emphasized that a nation's strength was directly related to its wealth, which was best achieved through a favorable balance of trade. By restricting colonial trade to the home country, mercantilism aimed to ensure that the economic benefits flowed back to the mother nation, enhancing its power and resources.


How did trade laws that limited colonies' economic freedom support the idea of mercantilism?

Trade laws that limited colonies' economic freedom were essential to mercantilism as they ensured that colonial economies served the interests of the mother country. By restricting trade to specific routes and requiring the use of the mother country's ships, these laws maximized the flow of resources and wealth back to the home nation. This control over colonial trade created a favorable balance of trade, which was a key principle of mercantilism aimed at increasing national power and wealth. Ultimately, such regulations prevented colonies from developing independent economic systems that could compete with the interests of the mother country.


What was the represenative government in the colonial period?

The home country made the colonists start a representative government. There was three positions which was narrowed down to three. There was a governor who represented many things. Some of the governors were honest and truthful men but more than likely most of them abused their power.


What do colonies provide the mother country?

Colonies provide the mother country with various economic benefits, including access to raw materials and resources that may be scarce or unavailable at home. They also serve as markets for manufactured goods, helping to boost the mother country's economy. Additionally, colonies can enhance national prestige and power through territorial expansion and the establishment of strategic military bases. Overall, colonies contribute significantly to the wealth and influence of the mother country.


Who had the theory which held that colonies exist for the benefit of the home country?

Mercantilism


What European country granted their African colonies independence due to a political coup in their home country?

Portugal


What European country granted independence to their African colonies due to a political coup in their home country?

Libya


Which European country gave it's Africa colonies their independence because of political coup in their home country?

Portugal


An Economic systems in which colonies supply goods to the mother country is called what?

Mercantile system. The concept is that by keeping the resources of colonies for itself, the home country can become wealthier and more powerful.


Which European country granted it's African colonies independence because of a political coup in their home country?

Portugal


Why were the colonies so important to a mercantilist economy?

Colonies were important in the mercantile economic systems because they were markets in which to buy products from the home country.


How did mercantilism limit trade and wealth in the colonies?

Mercantilism limited trade and wealth in the colonies by enforcing strict regulations that prioritized the mother country's economic interests over colonial autonomy. Colonies were required to trade primarily with their home nation, stifling their ability to engage in free trade with other countries and limiting access to diverse markets. Additionally, the focus on exporting raw materials to the mother country and importing finished goods restricted local manufacturing and economic growth, ultimately hindering the colonies' potential for wealth accumulation.