Answer :

Gibbs
Mercantilism was a policy whereby nations sought to increase their wealth by trading goods around the world in return for gold and silver. Countries like Great Britain sought to create wealth to support their military efforts by exporting goods around the world and in turn not importing goods. This impacted their policies with the colonies by gaining natural resources and new markets in the colonies to export goods to in order to grow wealth for the British Government. 

Answer:

Mercantilism in Great Britain consisted of the economic position that, in order to increase wealth, its colonies would be the supplier of raw materials and exporter of finished products. Mercantilism brought about many acts against humanity, including slavery and an imbalanced system of trade.

Explanation:

Other Questions