Question

Resources and economics: [Pages 52-59]

Which two countries were in competition for the resources of North America?
● What system helped make European countries rich?
Make a comparison between the similarities and differences between mercantilism and
imperialism.
●
• Why was mercantilism important to exploration and settlement?
Why did colonists from the Thirteen Colonies have an opportunity to make a better living
than French colonist?
• The fishing around Newfoundland was plentiful. How did this resource affect the settlement
of Canada?

Answer 1

England and France were in competition for the resources of North America. Mercantilism and imperialism had similarities and differences. Mercantilism was important to exploration and settlement. The fishing around Newfoundland affected the settlement of Canada.

Step-by-step explanation:

The two countries that were in competition for the resources of North America were England and France.

The system that helped make European countries rich was mercantilism. Mercantilism is an economic system where a nation's wealth is measured by the amount of gold and silver it possesses. European countries used this system during the colonial era to accumulate wealth through trade and colonization.

Mercantilism and imperialism have both similarities and differences. Both systems were driven by the desire for economic gain and the acquisition of resources. However, mercantilism focused more on trade and economic policies, while imperialism involved the political and military domination of other territories.

Mercantilism was important to exploration and settlement because it provided the economic motivation for European countries to fund and support expeditions. Explorers and settlers sought to establish colonies to extract valuable resources and establish trade networks.

Colonists from the Thirteen Colonies had an opportunity to make a better living than French colonists because the Thirteen Colonies had access to fertile land for farming, abundant natural resources, and a thriving trade network. They also had a greater degree of political and economic autonomy compared to French colonists.

The plentiful fishing around Newfoundland was an important resource that affected the settlement of Canada. It attracted fishermen from various European countries, who established fishing stations and eventually permanent settlements in Canada. The fishing industry played a significant role in the economic development of Canada.

Learn more about competition for resources, mercantilism, imperialism, exploration and settlement, fishing industry