Question #c09e8

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William L.
Oct 9, 2017

Mercantilism was an economic theory popular in the 16th-18th centuries. It's main purpose is to increase the wealth of the mother country.

Explanation:

Main points:

  • Have more exports than imports
  • Colonies are subservient to the mother country's economy
  • Colonies provide raw materials for the mother country's manufacturing.
  • Colonies do not complete with mother country's products.
  • Colonies only trade with mother country and ship raw materials in ships owned by the mother country.

For the second part of the question, I'm not exactly sure but I think that more colonies mean more resources for the mother country and more people to export products to, so more wealth.

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