Mercantilism?French and Indian War

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

• importing more than was exported
• exporting more than was imported

According to the economic policy of mercantilism, select the role of the colony.

• provide raw materials

• provide natural resources

• exert governmental control over the mother country

• serve as a market for manufactured goods

According to the economic policy of mercantilism, European nations desired to increase their wealth, power and prestige by

• establishing colonies in the New World

• buying imports from their rival nations

• isolating themselves from the rest of the world

• ALL answer choices

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

• Native Americans

• the mother country

• the colonists & settlers

• ALL answer choices

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

• true
• false

What is one role colonies play in a mercantilist system?

• Colonies purchase raw materials from other countries.

• Colonies manufacture finished products for the mother country.

• Colonies sell raw materials to other countries.

• Colonies purchase finished products from the mother country.

What was the goal of mercantilism?

• To control trade and gain wealth

• Make colonies wealthy

• Import many goods from other nations

• Share wealth with other nations

What area of land was disputed between France and Britain?

• Ohio River Valley

• Mississippi River Valley

• Appalachian Mountains

• Louisiana

What dose the word disputed mean?

• Disagree or Argue about

• Fight over

• To agree on

• To owe money to someone

What dose it mean to be in debt?

• To owe money to someone

• Someone owes you money

• When someone has no money left

• When someone is rich.