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What was the economic relationship of the colonies to Europe during the period?
Wiki User
∙ 12y ago
The economic relationship was called Mercantilism. In this system raw goods are sold by the colonies to the "mother" country. The "mother" country would then process and manufacture these goods into a product and sell them back to the colonies at a higher rate. This way, the mainland would make a surplus while the colonies would lose money.
Wiki User
∙ 12y ago
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Which economic system existed in Europe during early middle ages?
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