USA HISTORY

Detailed explanation-1: -Until the nineteenth century, the theory of mercantilism dominated these attempts. Typically, a mercantilist trade system confined colonial trade to shipping raw materials and cash crops to the mother country, and receiving in turn manufactured goods.

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: -The colonies would produce and sell raw materials to the mother country. The mother country would make manufactured goods out of the raw materials and sell them back to the colonies for a profit. It was illegal for colonies to trade with anyone besides the mother country.

Detailed explanation-4: -The mercantile theory held that colonies exist for the economic benefit of the mother country and are useless unless they help to achieve profit. The mother nation should draw raw materials from its possessions and sell them finished goods, with the balance favouring the European country.

Detailed explanation-5: -Mercantilism was meant to serve the interests of the empire, not the colony. Colonies existed for the benefit of the mother country. Colonies could not sell their raw materials to anyone but the mother country England, and they were not allowed to manufacture anything to export.