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Mercantilism

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Q: This was the economic philosophy that control of imports was the key to enhancing the health of a nation and that Colonies existed to serve the home country as a source of raw materials and a market f?
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He system that uses colonies as a source of raw materials and a market for finished goods is called?

mercantilism


The 17th century economic theory which viewed colonies primarily as sources of raw materials?

Mercantilism


Under the economic system of mercantilism colonies were encouraged to?

provide raw materials for the mother country


What economic system valued colonies as sources of raw materials and a market and a market for excess products?

Mercantilism


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 system that uses colonies asa source of raw materials and a market for finished goods is called?

Colonialism is the system that uses colonies as a source of raw materials and a market for finished goods. It is different from Imperialism in that its motivations are purely economic.


Which idea is most closely associated with the economic concept of mercantilism?

Colonies exist to provide raw materials and markets for a colonial power.


What was England's view of colonies under mercantilism?

England viewed its North American colonies as an economic resource, colonies provided raw materials, made products out of it, and sold it back for a higher price go make a profit.


Differences in the economic life in Southern and Northern colonies can BEST be explained by the?

The differences in the economic life and the economy of the southern and northern colonies and states during colonial times can be best explained by the production of raw materials and the use of labor.


How was Hamilton's economic philosophy similar to his political philosophy?

on the plan politics


The phrase mother country is best assosiated with the economic philosophy known as?

The economic philosophy known as mercantilism was associated with the mother country.


What was the economic activities in the southern colonies?

The southern colonies major economic activity was farming and a lot of slavery!!