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Under the mercantile system, the colonies were required to develop trade with other nations, produce manufactured goods, and supply raw materials.

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Under which system did England use the American colonies to supply its need for resources?

The Mercantile System used American colonies to supply England's needs for resources.


The economic policies of the colonies had to be regulated to meet the needs of England under which system?

mercantile system


What does it mean to say that the colonies should not complete with England under the mercantile system?

Basically, it means that at the time, the British navy protected or shepherded the mercantile fleet between Britain and the colonies.


What does it mean to say that the colonies could not compete with England under the mercantile system?

The colonists could not manufacture the same items that were being produced in England.


How did the ecomienda system fit into the pattern of economic activity in the now spanish colonies?

Under this system, Native Americans were required to farm, ranch or mine for the profit of an individual Spaniard.


What was the name of the economic system the colonies lived under?

the black market


What was expected of the American colonies under the British mercantile system?

The concept was that the colonies would trade exclusively with Britain. The British would obtain cheap raw materials from the colonies. Then, Britain would make useable goods out of the raw materials and sell the expensive goods back to the colonies.


Under the economic system of mercantilism colonies were encouraged to?

provide raw materials for the mother country


What is a example of a unitary system of government in American history?

the american colonies under gereat britan


What system was used in the colonies under early British rule that provided a great gain in profits for England?

Under early British rule, the colonies operated under a mercantilist system, which aimed to maximize exports and minimize imports. This system required colonies to supply raw materials to England while purchasing British manufactured goods, ensuring that profits flowed back to the mother country. Additionally, the Navigation Acts enforced trade restrictions that favored British merchants, further enhancing England's economic gains from colonial resources. This exploitation of colonial resources ultimately contributed significantly to England's wealth during this period.


What is the economic system under which colonies make their mother country rich through exclusive trade?

mercantilism


What was an effect of Spain's regulation of trade in its American colonies?

Spanish colonies could only export their raw materials to Spain or other Spanish colonies, and had to purchase manufactured products only from Spain. This was typical of European colonies under the system of mercantilism.