Question

What was the British policy of ‘Mercantilism’?​

Answer 1

Answer:

Mercantilism was a popular economic philosophy in the 17th and 18th centuries. In this system, the British colonies were moneymakers for the mother country. ... This pushed the colonists to buy only British goods, instead of goods from other European countries.

Explanation:

Answer 2

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:

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