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- 1. Multiple Choice
What is mercantilism?
A system where a mother countries gains money and power from natural resources that come from its colonies.
where colonies trade gold and silver with each other.
Wars that start over money.
Plantation colonies trading slaves for money.
- 2. Multiple Choice
The impact of mercantilism was that
The rate of slavery in the Americas went down
Trade was limited in the Atlantic
The Colony grew wealthy
The Mother Country grew wealthy
- 3. Multiple ChoiceWood, water, bricks, corn - are all from the earth. These are called: ____________.finished productsmercantilismplantsraw materials
- 4. Multiple Choice
Raw materials are used to make the things we make ourselves or buy in stores. Those things are:___________.
raw materials
manufactured goods
natural resources
from the earth
- 5. Multiple ChoiceLand the mother country takes in a distant place and uses to make money for itself is a _____________.mercantilismconversioncolonycity
- 6. Multiple ChoiceBased on the political cartoon, how does mercantilism benefit the mother country?The mother country always has something to eat.The mother country can get rich from the colonies.The colonies provide everything to the mother country.
- 7. Multiple Choice
Mercantilism is when
Raw materials were bought cheaply by the colony and sold as refined materials to the 'Mother Country'
Raw materials were bought cheaply by the 'Mother Country' and sold as refined materials to the colony
When merchants sold their goods for high prices to working class citizens
When working class citizens were forced to sell their products to make profits
- 8. Multiple ChoiceIn this economic system, a mother country gained wealth by...allowing competition in the marketplacegiving colonist political and religious freedomcarefully controlling tradeparticipating in the Great Awakening
- 9. Multiple ChoiceThe concept of mercantilism is connected to which one of the three "G"s?GodGloryGold
- 10. Multiple ChoiceA favorable balance of trade is achieved when:You import and export the same amount.You export more than you importYou import more than you export
- 11. Multiple Choice
IMPORTS to the colonies from ENGLAND included
Manufactured goods/Finished products
Slaves
Gold
Sugar Cane
- 12. Multiple ChoiceThe joint-stock company, introduced during the Commercial Revolution, would most resemble what?private enterprisepartnershipcorporationmonopoly
- 13. Multiple ChoiceColonization supported the European economic policy of mercantilism by providing what?a way to get rid of excess silver and golda place to store raw materials for future usefinished products to sell in Europea market for selling goods
- 14. Multiple ChoiceWhich of the following was NOT a principle of mercantilism?Export more than you import.Import more than you export.Settle as many colonies as possibleGain as much gold and silver as possible.
- 15. Multiple Choice�Colony� refers to:An increase in population for a countryAn expedition sent to explore a foreign landA settlement in a distant land whose citizens keep close ties to their parent country.A group of individuals who unite for a common cause.
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