WORLD 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.

Detailed explanation-2: -Haiti’s early history is characterized by remarkable economic output. On the eve of the Haitian Revolution, Saint Domingue had become the most lucrative colony on earth. It was the world’s top producer of sugar and coffee and among the global leaders in indigo, cacao and cotton (which was rising rapidly in importance).

Detailed explanation-3: -The Virginia Company was formed both to bring profit to its shareholders and to establish an English colony in the New World. The Company, under the direction of its treasurer Sir Thomas Smith, was instructed to colonize land between the 34th and 41st northern parallel.

Detailed explanation-4: -The most profitable British colonies were in North America and the West Indies. These colonies had large populations and abundant resources, which allowed them to generate a lot of wealth. The British government also invested heavily in these colonies, which made them even more profitable.