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: -England needed raw materials that her colonies could supply. Lumber, wool, iron, cotton, tobacco, rice, and indigo were among the products needed in England. British manufacturers in the meantime needed markets for the goods they produced.

Detailed explanation-4: -Instead most colonial merchants in the port cities made a living by diversifying their activities. They worked as middlemen, coordinating the buying and selling of goods between overseas suppliers and the numerous storekeepers and farmers who lived outside of the main cities.

Detailed explanation-5: -Mercantilism was a system by which the government deliberately controlled the economic affairs of the state in order to accumulate national wealth. The ultimate purpose of mercantile policy was to enhance national strength, provide self-sufficiency, and pay for military power.