Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

how did mercantilism affect the economies of great britain and the american colonies?

Sagot :

Gibbs
Mercantilism was a policy whereby nations sought to increase their wealth by trading goods around the world in return for gold and silver. Countries like Great Britain sought to create wealth to support their military efforts by exporting goods around the world and in turn not importing goods. This impacted their policies with the colonies by gaining natural resources and new markets in the colonies to export goods to in order to grow wealth for the British Government. 

Answer:

Mercantilism in Great Britain consisted of the economic position that, in order to increase wealth, its colonies would be the supplier of raw materials and exporter of finished products. Mercantilism brought about many acts against humanity, including slavery and an imbalanced system of trade.

Explanation:

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.