USA HISTORY

FIRST CONTACTS 28000 BCE 1821 CE

PRE COLUMBIAN AMERICA

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How did the policy of mercantilism affect European colonies in the Americas, Africa, and Asia?
A
The colonies and the home country both profited.
B
The colonies suffered and the home country profited.
C
The colonies profited and the home country suffered.
D
The colonies and the home country both suffered.
Explanation: 

Detailed explanation-1: -It encouraged the colonists to purchase goods from England rather than rival nations. The colonies sent raw materials to England where they were manufactured into finished products and sold to the colonists. This allowed Britain to monopolize the slave trade, transporting slaves from English ports to America.

Detailed explanation-2: -Answer and Explanation: Mercantilism affected the American colonies by extracting wealth for the benefit of the mother nation (Great Britain). Mercantilism had different properties depending on the colony and the nation, but generally involved exchanges of money and goods.

Detailed explanation-3: -what impact did European mercantilism have on colonies in the Americas? the production of cash crops, such as sugar and tobacco, became important in many Latin American colonies. encomienda is the right of landowners to use Native Americans as laborers. Queen Isabella declared the Native Americans as her subjects.

Detailed explanation-4: -The mercantile theory held that colonies exist for the economic benefit of the mother country and are useless unless they help to achieve profit. The mother nation should draw raw materials from its possessions and sell them finished goods, with the balance favouring the European country.

Detailed explanation-5: -Mercantilism increased government control of the economy. Government control over the economy was welcomed by high tariffs and the formation of colonies. This allowed the African and Asian governments who adopted this form of governance to oversee economic affairs.

There is 1 question to complete.