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Mercantilism

Total questions: 20

Worksheet time: 14mins

Name
Class
Date
1.

What is mercantilism?

a)

A system where a mother countries gains money and power from natural resources that come from its colonies.

b)

where colonies trade gold and silver with each other.

c)

Wars that start over money.

d)

Plantation colonies trading slaves for money.

2.

True or False? Great Britain wanted to create wealth by importing more goods than it exported.

a)

True

b)

False

3.

Which term means a good to sold another country?

a)

Import

b)

Export

4.

EXPORTS of the 13 colonies included:

a)

Manufactured goods

b)

Raw Materials

c)

Slaves

d)

Gold

5.

The impact of mercantilism was that

a)

The rate of slavery in the Americas went down

b)

Trade was limited in the Atlantic

c)

The Colony grew wealthy

d)

The Mother Country grew wealthy

6.
Wood, water, bricks, corn - are all from the earth. These are called: ____________.
a)
finished products
b)
mercantilism
c)
plants
d)
raw materials
7.

Raw materials are used to make the things we make ourselves or buy in stores. Those things are:___________.

a)

raw materials

b)

manufactured goods

c)

natural resources

d)

from the earth

8.
Land the mother country takes in a distant place and uses to make money for itself is a _____________. 
a)
mercantilism
b)
conversion
c)
colony
d)
city
9.
Based on the political cartoon, how does mercantilism benefit the mother country?
a)
The mother country always has something to eat.
b)
The mother country can get rich from the colonies.
c)
The colonies provide everything to the mother country.
10.

Mercantilism is when

a)

Raw materials were bought cheaply by the colony and sold as refined materials to the 'Mother Country'

b)

Raw materials were bought cheaply by the 'Mother Country' and sold as refined materials to the colony

c)

When merchants sold their goods for high prices to working class citizens

d)

When working class citizens were forced to sell their products to make profits

11.
In this economic system, a mother country gained wealth by...
a)
allowing competition in the marketplace
b)
giving colonist political and religious freedom
c)
carefully controlling trade
d)
participating in the Great Awakening
12.
True or False?  Great Britain wanted to create wealth by importing more goods than it exported. 
a)
True 
b)
False
13.
The concept of mercantilism is connected to which one of the three "G"s?
a)
God
b)
Glory
c)
Gold
14.
In the following pairing, which country represented the "mother country:"  England received goods from the thirteen colonies.
a)
England
b)
13 colonies
15.
A favorable balance of trade is achieved when:
a)
You import and export the same amount.
b)
You export more than you import
c)
You import more than you export
16.

IMPORTS to the colonies from ENGLAND included

a)

Manufactured goods/Finished products

b)

Slaves

c)

Gold

d)

Sugar Cane

17.

What did the British IMPORT from the colonies?

a)

Raw materials

b)

Finished Goods

c)

Gold

d)

Slaves

18.

Mercantilism benefited the 13 colonies, but limited trade for the English.

a)

True

b)

False

19.
in Mercantilism the colony makes (1)____ which the mother country turns into (2)___
a)
(1) technologies (2) raw materials
b)
(1) raw materials (2) finished products
c)
(1) finished products (2) raw materials
d)
(1) raw materials (2) technologies
20.

What does Mr. Erenberg say after you tell him your name (after he asked you for the umpteenth time)?

a)

That's a nice name.

b)

I just wanted to see if YOU knew.

c)

Wait, don't tell me. I just remembered!

d)

Why are you telling me your name??