212,363 views
20 votes
20 votes
Describe the characteristics of mercantilism and how they affected the development of the colonies?

User ToddeTV
by
2.3k points

1 Answer

24 votes
24 votes

Answer:

The balance of trade was of great importance to successful mercantilism. The colonies provided Britain with raw goods, and Britain used the raw goods sold in the European market to sell back to the colonies. Mercantilism focused on controlling gold in order colonists to pay for its large armies and expand its empire. The more the colonies export, the more wealth and power Britain has.

Step-by-step explanation:

User Sameet
by
3.2k points