Lesson 28 of 84 · Colonization
⭐ 30 XPMercantilism: How Colonies Served the Mother Country
During the Age of Exploration, mercantilism became a popular economic theory that shaped the relationship between European countries and their colonies.
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During the Age of Exploration, mercantilism became a popular economic theory that shaped the relationship between European countries and their colonies. Mercantilism held that a nation's power depended on its wealth, which could be increased through trade. Colonies served the mother country by providing raw materials, such as timber and sugar, and by being markets for finished goods, which helped the mother country gain wealth and power. This relationship often meant that the colonies were heavily controlled and could not trade freely with other nations.
Key Facts
Mercantilism emphasized the importance of accumulating gold and silver.
Colonies were often restricted to trading only with their mother country.
The mother country controlled colonial production to benefit its economy.
Timeline
The Civil War begins
The Civil War ends; slavery is abolished
The Transcontinental Railroad is completed
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Question 1
1 of 2What was the main purpose of colonies under mercantilism?
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