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Describe the characteristics of mercantilism and how they affected the development of the colonies?

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User Nahsivar
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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.

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User Joe Lu
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