Question

What economic effect did mercantilism have on England? -

it made England's rivals rich
it increased England's supply of workers
it increased England's wealth
it stopped England from getting cheap raw materials

Answer 1

It increased England's wealth

Step-by-step explanation:

Mercantilism had a huge economic impact on England by increasing the wealth of the country.

Mercantilism allowed for England to exploit the natural resources in the colonies, as well as their dependence on the mother country.

In this process, England gained massive profits by only allowing the colonies to trade with them. So, they had a monopoly on that trade.

So, the correct answer is that it increased England's wealth.