WORLD HISTORY

Detailed explanation-1: -What was a chief economic cause for colonization in America? Money, land, and religious reasons. Europe wanted access to new markets and goods. When was the colony of Jamestown founded?

Detailed explanation-2: -The opportunity to make money was one of the primary motivators for the colonization of the New World.

Detailed explanation-3: -Mercantilism and Colonialism Under mercantilism, nations sought to establish colonies to produce goods over which the home economy had monopolistic control. Mercantilists believed that colonies existed not for the benefit of settlers, but for the benefit of the imperial centre.

Detailed explanation-4: -An example of mercantilism was the Sugar Act of 1764 which made colonists in America had to pay higher tariffs and duties on imports of foreign-made refined sugar products.

Detailed explanation-5: -The mercantilist goal was to maximize a nation’s export surplus-the balance of trade, which was equated with the future prosperity and power of the realm-and the means were cheap production inputs, that is, cheap raw materials (for which colonies proved useful) and cheap, and therefore poor, labor at home.