SETTLING NORTH AMERICA 1497 1732
RISE OF THE SLAVE TRADE BLACK HISTORY IN COLONIAL AMERICA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Economic policy where colonies serve as a source of raw materials to increase wealth and maintain a favorable balance of trade for the mother country.
|
|
Mercantilism
|
|
|
Salutary neglect
|
|
|
Exploration
|
|
|
Triangle trade
|
Explanation:
Detailed explanation-1: -Mercantilism is a trade practice wherein nations maintain a favorable balance in trade by increasing exports and decreasing imports. They import cheaper raw materials from their colonies and accumulate wealth by exporting finished items to them in exchange for gold and silver currency.
There is 1 question to complete.