USA HISTORY

Detailed explanation-1: -What was the Purpose of Mercantilism? Mercantilism was promoted by European imperial powers as a method to enrich and benefit the home country at the colonies’ expense. Mercantilism produced wealth such as gold and silver for the governments of imperialist countries.

Detailed explanation-2: -Britain used mercantilism as a way to secure its interests in the New World. Raw materials were shipped back to England where they were converted to finished goods. These products were then shipped back to the colonies as exports, which the colonists purchased.

Detailed explanation-3: -Body: Explain that the economic policy of England in its colonies in America was the primary cause of resentment among the American settlers. Mercantilism was the prevailing policy in Europe at that time and the American Revolution can be said to be an economic revolt against this mercantilism.

Detailed explanation-4: -British economic policy was based on mercantilism, which aimed to use the American colonies to bolster British state power and finances.

Detailed explanation-5: -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.