USA HISTORY

Detailed explanation-1: -Mercantilism led to the adoption of enormous trade restrictions, which stunted the growth and freedom of colonial business. Much of the trade that took place before the mid-17th century was controlled by the Spanish and Dutch, including to and from England.

Detailed explanation-2: -Mercantilism and Colonialism Under mercantilism, nations sought to establish colonies to produce goods over which the home economy had monopolistic control. Mercantilists believed that colonies existed not for the benefit of settlers, but for the benefit of the imperial centre.

Detailed explanation-3: -Mercantile colonialism is a system that implied that the importance of colonies was to benefit the mother country and were not useful until they generated profits. Moreover, it required the mother country to acquire possessions and raw materials and convert them to finished goods for sale.