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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placed quotas on immigration
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discouraged the export of raw materials to England
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placed restrictions on trading
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encouraged colonial manufacturing
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Detailed explanation-1: -Why did many American colonists oppose the British system of mercantilism? It reduced their ability to make money and their freedom to trade with whoever they wanted.
Detailed explanation-2: -Mercantilism was a popular economic philosophy in the 17th and 18th centuries. In this system, the British colonies were moneymakers for the mother country. The British put restrictions on how their colonies spent their money so that they could control their economies.
Detailed explanation-3: -British economic policy was based on mercantilism, which aimed to use the American colonies to bolster British state power and finances. The Navigation Acts inflamed the hostilities of American colonists and proved a significant contributing event leading up to the revolution.
Detailed explanation-4: -To keep the profits, Britain tried to keep a greater number of exports than imports. The most important thing for Britain to do, under the theory of mercantilism, was keep its money and not trade with other countries to get necessary items. The colonists’ role was to provide many of these items to the British.