USA HISTORY

Detailed explanation-1: -As such, mercantilism became the key economic model of the time. It encouraged the colonists to purchase goods from England rather than rival nations. The colonies sent raw materials to England where they were manufactured into finished products and sold to the colonists.

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: -Explain the economic relationship between England and its American colonies. colonies established to increase the wealth and power of the empire; they supplied raw materials to England manufacturers and consumed British finished products. They were expected to obey the monarch and Parliament.

Detailed explanation-4: -Mercantilism is a system of economics that benefits merchants and countries of origin of exported goods over the consumers. Manufacturers and merchants were based in imperialist countries, while consumers were in the colonies of those countries.