Question

How was mercantilism beneficial for the European companies?

Answer 1

• 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.