USA HISTORY

Detailed explanation-1: -Key Takeaways. Imperialism is when a country extends its power into other territories for economic or political gain. The goal of imperialism is to acquire resources, often through exploitation and force. Motives for imperialism include economic, cultural, political, moral, and exploratory control.

Detailed explanation-2: -Under mercantilism, colonies were important because they produced raw materials for the mother country, goods that the country would have to import otherwise (things like grain, sugar, or tobacco). The colonies also gave the mother country an outlet for exports, which increased jobs and industrial development at home.

Detailed explanation-3: -Key Takeaways. Mercantilism exists to increase a country’s wealth through its exports. British economic growth was propelled by raw materials supplied by its colonies so the nation could export finished products.

Detailed explanation-4: -Claude (1981) noted that “the growth of colonial trade benefited Britain and its merchants…”. In mercantilist system, government regulates international trade in order to accumulate wealth and increase national power with which to bargain and conduct economic relations favorably among the nations.