EMERGENCE OF USA
FOUNDATION OF AMERICAN COLONIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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supporting the growth of colonial industries
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prohibiting colonists from fishing and fur trading
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taking large amounts of gold and silver from the southern colonies
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buying raw materials from the colonies and selling them finished products
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Detailed explanation-1: -Key Takeaways. 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: -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 mother country of home European nation benefitted as it was able to take much of the wealth from its colonies very cheaply. The colonies and the population of the colonies suffered as they were not able to increase their own wealth and were essentially only able to benefit the mother country.
Detailed explanation-4: -Answer and Explanation: The mother nations of colonies benefited most from mercantilism. This is because the colonial home nations (such as Spain or Britain) used mercantilism to acquire as many resources and assets as possible from their colonies.