How was mercantilism beneficial for the European companies?
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- 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.
- During Great Britain's mercantilist period, colonies faced periods of inflation and excessive taxation, which caused great distress.
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