Mercanitilism5

The ________ colonies were chartered to trade with England. Colonists sent raw materials to England.

• Northern

• American

• Southern

• England

These _____ materials would be used in England to make manufactured goods that would be exported to the English colonies.

• economic

• royal

• raw

These raw materials would be used in England to make manufactured goods that would be exported to the English colonies. This economic system is called _________

• mercantilism

• import

• trade

• tariff

In the mercantile system, governments want to increase ________, or what they sell to other countries.

• tariff

• tax

• colonies

• exports

They also want to decrease,________ or what they buy from other countries. That keeps more money flowing into their economies.

• imports

• tariffs

• colonists

That keeps more money flowing into their_______.

• mercantilism

• exports

• economies

When a country sells more than it buys, it has a _________.

• favorable balance of trade

• imports

• exports

• mercantilism

Mercantilism in the colonies meant that the colonies could not sell their raw materials to anyone but the ________.

• French

• English

his guaranteed only English goods were sold in the colonies. To keep this balance, England also charged _______.

• port

• trade

• tariffs

What is a tariff?

• When a country sells more than it buys

• an economic system

• a tax on goods coming from another country