USA HISTORY

Detailed explanation-1: -Mercantilism exists to increase a country’s wealth through its exports. British economic growth was propelled by raw materials supplied by its colonies so the nation could export finished products. Mercantilism brought about many acts against humanity, including slavery and an imbalanced system of trade.

Detailed explanation-2: -Mercantilism was based on the idea that a nation’s wealth and power were best served by increasing exports and reducing imports. It’s characterized by the belief that global wealth was static and that a nation’s economic health relied heavily on its supply of capital.

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: -What central idea mercantilism most affected the colonies? The colonies can only trade through England. Products can only be shipped to England. This helped the colonies by encouraging colonists to build ships for their own use and for sale to England.

Detailed explanation-5: -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.