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  2. British mercantilism12345:
    • A theory that aimed to increase a country's wealth through exports.
    • British economic growth relied on raw materials from colonies for export.
    • Policies discouraged colonists from buying foreign products and incentivized buying British goods.
    • The colonies were seen as moneymakers for Britain.
    • Mercantilism contributed to unrest and eventually the American Revolution.
    Learn more:
    Mercantilism exists to increase a country's wealth through its exports. British economic growth was propelled by raw materials supplied by its colonies so the nation could export finished products. Mercantilism brought about many acts against humanity, including slavery and an imbalanced system of trade.
    www.investopedia.com/ask/answers/041615/how-d…
    Mercantilism — or the Mercantile System — was an economic theory that England followed that led to the implementation of policies that contributed to the unrest in the American Colonies, the American Revolution, and the American Revolutionary War.
    www.americanhistorycentral.com/entries/mercantili…
    Mercantilism replaced the feudal economic system in Western Europe. At the time, England was the epicenter of the British Empire but had relatively few natural resources. To grow its wealth, England introduced fiscal policies that discouraged colonists from buying foreign products and created incentives to buy only British goods.
    www.investopedia.com/terms/m/mercantilism.asp
    Mercantilism was a popular economic philosophy in the 17th and 18th centuries. In this system, the British colonies were moneymakers for the mother country. The British put restrictions on how their colonies spent their money so that they could control their economies.
    www.ushistory.org/declaration/lessonplan/mercantil…
    In the context of the European colonization of North America, mercantilism refers to the idea that colonies existed for the benefit of the Mother Country. In other words, the British saw the American colonists as tenants who 'paid rent' by providing materials for Britain to use.
    www.thoughtco.com/what-is-mercantilism-104590
     
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