Question

what was the focas of the economic policies pursued by the colonial (very long ans)​

Answer 1

★ Answer ★

The primary focus of the economic policies pursued by the colonial powers was to extract as much wealth and resources from their colonies as possible in order to benefit the mother country. This was accomplished through the use of mercantilism, a system of economic policy in which the mother country would monopolize its colonies’ trade and resources, and impose high tariffs and taxes on any goods imported from other countries. This allowed the mother country to accumulate wealth, while also keeping its colonies dependent on it. Another focus of the economic policies pursued by the colonial powers was the exploitation of indigenous populations. This was done through the forced labor of indigenous peoples, the extraction of natural resources, and the exploitation of local markets. Finally, the colonial powers sought to limit the economic development of the colonies by restricting their ability to engage in international trade and by imposing heavy regulations on local businesses.

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