-How does this image of Indians hunting beaver in the woodlands of the Eastern United States embody the theory of mercantilism?
A) Colonists strengthened their own economies by producing their own hats.
B) Beaver pelts were traded within the colonies for agricultural products.
C) Beaver pelts trapped by Indians were exported to England for the production of hats.
D) Hunting and trapping of beavers made it an endangered species in North America.

Question

-How does this image of Indians hunting beaver in the woodlands of the Eastern United States embody the theory of mercantilism?
A) Colonists strengthened their own economies by producing their own hats. 
B) Beaver pelts were traded within the colonies for agricultural products. 
C) Beaver pelts trapped by Indians were exported to England for the production of hats. 
D) Hunting and trapping of beavers made it an endangered species in North America.

Quizplus · Accepted Answer

The theory of mercantilism emphasizes the importance of accumulating wealth, particularly gold and silver, through a favorable balance of trade. In the context of the colonial era, this often meant that colonies would export raw materials to the mother country, where they would be turned into finished goods and sold back to the colonies or to other markets. The export of beaver pelts from the American colonies to England for the production of hats (choice C) is a direct example of this practice, as it involved sending a valuable raw material (beaver pelts) to the mother country (England) for manufacturing into finished goods (hats), which could then be sold for profit.

-How Does This Image of Indians Hunting Beaver in the Woodlands