Under mercantilism, colonial powers sought to run trade surpluses with their colonies by preventing the colonies from manufacturing.

Question

Quizplus · Accepted Answer

This is the basic tenet of mercantilism – colonial powers viewed their colonies as sources of raw materials and markets for finished goods, and believed that by preventing colonies from manufacturing goods themselves, they could maintain a trade surplus and maximize profits for the mother country.

Under Mercantilism, Colonial Powers Sought to Run Trade Surpluses with Their