USA HISTORY

Detailed explanation-1: -Controlled production and trade: Mercantilism led to the adoption of far-reaching trade restrictions, which stunted the growth and freedom of colonial businesses. The expansion of the slave trade: Trade became triangulated between the British Empire, its colonies, and foreign markets.

Detailed explanation-2: -During Great Britain’s mercantilist period, colonies faced periods of inflation and excessive taxation, which caused great distress. Angry and frustrated American colonists revolted against the British, which led to the American Revolution and the end of mercantilism.

Detailed explanation-3: -Mercantilism went hand in hand with colonization, for colonies played a vital role in this new economic practice. Aside from providing silver and gold, colonies provided raw materials that could not be found in the home country, such as wood or furs.

Detailed explanation-4: -Mercantilism led to the creation of monopolistic trading companies, such as the East India Company and the French East India Company. Restrictions on where finished goods could be purchased led in many cases to burdensome high prices for those goods.

Detailed explanation-5: -The mother country of home European nation benefitted as it was able to take much of the wealth from its colonies very cheaply. The colonies and the population of the colonies suffered as they were not able to increase their own wealth and were essentially only able to benefit the mother country.