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WorksheetsMercantilism and Triangular Trade
Total questions: 17
Worksheet time: 9mins
What was the primary goal of mercantilism?
To increase a nation's wealth by imposing government regulation concerning all of the nation's commercial interests.
To promote free trade and reduce tariffs.
To establish a global currency system.
To encourage agricultural development over industrialization.
How does a country maintain a favorable balance of trade?
By increasing exports and decreasing imports
By decreasing exports and increasing imports
By maintaining equal levels of exports and imports
By focusing solely on domestic trade
What are the four steps England took to make a profit from mercantilism?
Establishing colonies
Restricting colonial trade
Increasing exports over imports
Accumulating wealth in the form of gold and silver
What restrictions were placed on the colonists by mercantilism?
Colonists could only trade with the mother country.
Colonists were free to trade with any country.
Colonists were required to pay high taxes on all goods.
Colonists were allowed to manufacture their own goods.
What is salutary neglect?
A policy of strict enforcement of parliamentary laws
A policy of relaxed enforcement of regulations in the colonies
A strategy to increase colonial taxes
A method to strengthen colonial military forces
The colonists disliked mercantilism because:
It restricted their trade with other countries.
It allowed them to trade freely with any nation.
It provided them with more economic opportunities.
It reduced taxes on imported goods.
How did colonists violate the policy of mercantilism?
By trading with countries other than their mother country
By strictly following the trade regulations
By increasing imports from the mother country
By paying higher taxes to the mother country
What economic principle is illustrated in the image below?
Captialism
Feudalism
Socialism
Mercantilism
Who controls and regulates trade in a mercantilist economy?
The government
Tax payers
Individuals
Voters
This is a tax on goods brought into a country...
Mercantilism
Feudalism
Tariff
Market
Why were colonists only allowed to trade with their mother country?
The colonists did not know other countries existed
The mother country can gain more wealth
The colonists were prideful
The mother country can share their wealth
A system in which slaves, manufactured goods, and raw materials were exchanged between the Americas, Britain, and Africa.
The Navigation Acts
Triangular Trade
The Middle Passage
Mercantilism
What products came out of England to supply its colonies?
Manufactured Goods
Gold and Cotton
Timber and Furs
Slaves and Ships
What effect did Triangular Trade have on Europe?
It drained their economy of resources
It led to the need for more resources
It immediately helped industrialize Africa and Latin America
It helped them become wealthy and have an economic advantage
The portion of triangular trade that brought slaves across the Atlantic was called...
The death trail
the Middle passage
The final passage
trail of tears
The impact of mercantilism was that...
The Colony grew wealthy
Trade was limited in the Atlantic
The Mother Country grew wealthy
The rate of slavery in the Americas went down
Mercantilism benefited the 13 colonies, but limited trade for the English.
True
False
