The economic policy described in the excerpt from the First Virginia Charter of 1606 aligns with D) mercantilism.
What was the policy
This policy was prevalent during the colonial era and emphasized the accumulation of wealth for the mother country through strict government regulation of a nation's economy.
It focused on maximizing exports, controlling trade, and accumulating precious metals by utilizing colonies as sources of raw materials and markets for finished goods.
The Charter's regulation of trade within colonies, emphasizing the forfeiture of goods and vessels diverted for local trade, reflects the mercantilist approach aimed at benefiting the colonizing nation economically.
Question
Colonies and Plantations... at any time or times hereafter, transport any Wares, Merchandises, or Commodities, out of any of our Dominions, with a Pretence to land, sell, or otherwise dispose of the same, within any the Limits and Precincts of any of the said Colonies and Plantations, and yet nevertheless, being at Sea, or after he hath landed the same within any of the said Colonies... then all the Goods and Chattels of such Person or Persons, so offending and transporting together with the said Ship or Vessel, wherein such Transportation was made, shall be forfeited to Us, our Heirs, and Successors."
- from the First Virginia Charter, 1606
Which economic policy is being described in this excerpt from the Virginia Charter?
A socialism
B imperialism
C capitalism
D mercantilism