Final answer:
Mercantilism was an economic theory promoting wealth accumulation through trade strategies. It impacted the early American colonies by restricting trade and leading to conflicts.
Explanation:
Mercantilism was an economic theory emphasizing the accumulation of wealth through exports, imports control, and protectionist policies. In the early American colonies, mercantilism imposed restrictions on trade, leading to higher costs for imported goods from Britain, contributing to economic conflicts and eventually to factors fueling the Revolutionary War.
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