USA HISTORY

Detailed explanation-1: -The colonies sent raw materials to England where they were manufactured into finished products and sold to the colonists. This allowed Britain to monopolize the slave trade, transporting slaves from English ports to America.

Detailed explanation-2: -The goal of mercantilism was to stimulate the economy by keeping colonial trade within England and by exporting more than they imported. The colonies played an essential role in the British mercantilist system through the Navigation Acts of 1651.

Detailed explanation-3: -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-4: -In New England, the colonies engaged in fishing, lumber, and shipbuilding. Farther south, colonies provided tobacco, rice, and indigo. For almost 200 years, until the colonies fought and won their independence, England benefited financially from the relationship with its North American colonies.

Detailed explanation-5: -Mercantilism was a form of economic nationalism that sought to increase the prosperity and power of a nation through restrictive trade practices. Its goal was to increase the supply of a state’s gold and silver with exports rather than to deplete it through imports. It also sought to support domestic employment.