Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

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 hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.