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A state's power depended on its wealth.

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Leland Grant

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3y ago

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What year did the british policy of mercantilism take place?

1733


Economic policy involving the transfer of wealth from the colonies to England?

Mercantilism


Which of these statements about the English mercantile system is false?

the system of mercantilism was an extension of the policy of salutary neglect...


Was Mercantilism a protective British trade policy?

Yes, mercantilism was a protective trade policy widely practiced by Britain and other European nations from the 16th to the 18th centuries. It aimed to increase national wealth by maximizing exports and minimizing imports, often through government intervention and regulations. This policy included establishing colonies to provide raw materials and markets for British goods, thereby protecting domestic industries and enhancing the nation's economic power. Ultimately, mercantilism was designed to benefit the mother country at the expense of its colonies and rivals.


What was englands economic policy towards the colonies where the colonies provided raw materials to England who manufactured goods to be sold back to the colonies?

The English economic policy toward the colonies was called mercantilism. Mercantilism basically states that the colonies exist for the good of the mother country and have no rights except what the mother country grants. This policy was not workable because of the great distance between England and the New World. The great distance forced the colonists to create their own government, and create their own rights, legal system, etc.