Question

What is mercantilism?

A. an economic theory that stressed the importance of colonies as sources of raw
materials

B. an economic system in which private businesses profited from the free market


C. A system in which land was given to colonists in exchange for them teaching
Christianity to the natives of the land

D. the second leg of the trans-Atlantic trading system, in which slaves were loaded
onto ships and brought to the Americas

Answer 1

Mercantilism was a system that A) stressed the importance of colonies as a source for raw materials. Within mercantilism exports were valued greatly above imports so the ability to get cheap or free raw materials was highly desirable under a mercantilist system with the hopes of increasing exports