Mercantilism

What is mercantilism?

• A political system focused on democracy.

• An economic system designed to gain power for a mother country.

• A social movement promoting equality among nations.

• A military strategy for conquering new territories.

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What role did colonies play in the mercantilist system?

• They were independent trading partners with other colonies.

• They provided raw materials and purchased manufactured goods from the mother country.

• They manufactured goods for export to other European nations.

• They served as military bases for defense against rival empires.

What was the primary goal of mercantilism for the European "mother countries"?

• To promote free trade among all nations.

• To establish democratic governments in their colonies.

• To gain power and wealth for the mother country.

• To develop independent economies in their colonies.

Under mercantilism, what were colonies forbidden from doing?

• Developing their own local industries.

• Trading with the mother country.

• Sending raw materials to the mother country.

• Trading with other colonies or foreign nations.