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Mercantilism Flashcards

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10620031673Mother CountryIn mercantilism, England was known as the "__________________" because it controlled the colonies0
1062003167413 ColoniesThis is who produced all of the natural resources/raw materials1
10620031675EnglandThis is who manufactured the raw materials2
10620031676EconomicsHow you make and spend money3
10620031677MercantilismTheory that a nation's economic strength came from protecting and increasing it's home economy by keeping strict control over it's colonial trade4
10620031678MoneyEngland's main concern with the colonies was that it made them.....5
10620031679Raw MaterialsThis is what England wanted from the colonies6
10620031680ManufactureEngland would _______________ the raw material into a finished product that they could sell7
10620031681ExportThe colonies would __________________________ their natural resources from their colonial ports to England8
10620031682ImportThe colonies would have to __________________ in the manufactured goods England sold to them9
10620031683RestrictedThe colonists were __________________________ from manufacturing their own goods or trading with countries other than England10
10620031684ProfitTrading through a mercantilism system is set up in England's favor. They make more from selling their manufactured goods than what the raw material cost and are therefore making a __________________11

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