HISTORY
NEW GLOBAL CONNECTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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to export manufactured goods to parent countries
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to import luxuries from parent countries at discounted prices
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to provide inexpensive resources and raw materials to parent countries
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to reduce competition and tariffs
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Detailed explanation-1: -Some nations needed colonies for raw materials, a labor supply, and a way to keep wealth within its control (by selling colonies the products their raw materials helped to produce). Essentially, colonies increased a nation’s wealth-building power and national security.
Detailed explanation-2: -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.
Detailed explanation-3: -The objective of neomercantilist policies is to increase the level of foreign reserves held by the government, allowing more effective monetary policy and fiscal policy.
Detailed explanation-4: -Mercantilism advocated establishing more colonies to gain more gold and silver, thus increasing wealth. As the colonies created by these countries developed, the colonies began to resent paying the taxes required by mercantilism.