Question

What did the British think about colonial trade?
A) There were no markets for raw materials from the colonies.
B) The colonies had no raw materials to trade with other countries.
C) Britain did not want the colonies to trade with competing nations.
D) Britain was the only source of finished goods for the colonies.
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Answer 1

Lumber, wool, iron, cotton, tobacco, rice, and indigo were among the products needed in England. British manufacturers in the meantime needed markets for the goods they produced. The American colonies bought their cloth, furniture, knives, guns, and kitchen utensils from England.

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.

Trade was restricted so the colonies had to rely on Britain for imported goods and supplies. ... The King and Parliament believed they had the right to tax the colonies. They decided to require several kinds of taxes from the colonists to help pay for the French and Indian War.

British law stipulated that the American colonies could only trade with the mother country.

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Answer 2

Britain didn't wish the colonies to trade with competitor nations

• The Industrial Revolution in England created a heavy impact on the Indian economy because it reversed the character and composition of India’s foreign trade.
• This junction rectifier to the destruction of Indian handicrafts though there was no substantial growth of contemporary industrial plant trade.

• New land system of the British ruler additionally created a heavy impact on the Indian economy. throughout the East India Company rule, the corporate directors obligatory land revenue at unconscionable rates and thereby completed larger returns from land

Commercialization of Agriculture:

• Commercialization of Indian agriculture throughout the British amount created a heavy impact on the Indian economy.
• Commercialization of agriculture indicates the production of assorted crops not for home consumption except for sale. age in the kingdom had raised the demand for agro-raw-materials, particularly raw cotton, jute, sugarcane, groundnuts, etc. for British industries.

Development of Railway Network:

• The development of associate degree elaborate railway network primarily intense the exploitation of agriculture and on the opposite hand brought foreign machine created manufactures to the Asian country.
• This sharpened the competition of machine-created merchandise with Indian handicrafts destroying the Indian handicrafts trade.

Transforming Trade Pattern:

• Colonial exploitation of the Asian country's economy by the British remodeled the pattern of interchange India to become associate degree bourgeois of raw materials associate degreed foodstuffs and a businessperson of manufactures.
• Moreover, colonial exploitation through the entry of capital of the United Kingdom and finance capital and additionally through the payment for the prices of administration junction rectifier to the large economic drain of Asian country weakening the bottom of Indian economy.

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