Mercantilism

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A group of people who settle in a new land but keep their ties to their homeland can BEEST be referred to as a

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colony

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The goal of mercantilism was to create a “favorable” balance of trade by

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exporting more than was imported

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Mercantilism can BEST be described as

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economic trade policy in which a country exports more than it imports in order to create a favorable balance of trade

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According to the economic policy of mercantilism, European nations desired to increase their wealth, power and prestige by establishing colonies in the New World.

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establishing colonies in the New World

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Why did England, France, and Spain want to establish colonies in the New World?

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to strengthen their economy through mercantilism

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According to the economic policy of mercantilism, the colony existed for the benefit of

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the mother country

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According to the economic policy of mercantilism, the colony would serve as a source of raw materials and natural resources?

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true

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What European nation was the first to explore what today is the state of Georgia?

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Spain

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According to the policy of mercantilism, was Georgia the mother country or the colony?

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colony

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Established in 1733, Georgia was the 13th colony of what mother country?

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England