They were considered colonies... That was the whole principle of mercantilism: colonies helping the economic success of the motherland.
mercantilism
provide raw materials for the mother country
Restricting imports
England viewed its North American colonies as an economic resource, colonies provided raw materials, made products out of it, and sold it back for a higher price go make a profit.
They were considered colonies... That was the whole principle of mercantilism: colonies helping the economic success of the motherland.
mercantilism
mercantilism
provide raw materials for the mother country
mercantilism
Restricting imports
England viewed its North American colonies as an economic resource, colonies provided raw materials, made products out of it, and sold it back for a higher price go make a profit.
According to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their natural resources for less than they would be worth and by buying manufactures for much more money.
to do their own class work
Their activities were to benefit only the mother country.
Their activities were to benefit only the mother country.
Answer choices would be helpful here.However, the general difference between mercantilism and capitalism is that mercantilism is more restrictive than capitalism. Mercantilism is the economic policy that a metropole should have a number of colonies that provide it material wealth, unrefined resources, and a market for its goods. As a result, according to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their natural resources for less than they would be worth and by buying manufactures for much more money.As a result, entrepreneurial colonists that wanted to make manufactures or to trade with other parties engaged in smuggling. This kind of smuggling disappears significantly when trade restrictions are lifted.