Was a major problem of mercantilism was the flow of specie to England from the American colonies?

Yes, a major problem of mercantilism was the flow of specie, or precious metals, to England from the American colonies. This system often led to trade imbalances, as the colonies were required to export raw materials to England while importing finished goods, resulting in a depletion of specie in the colonies. The British government aimed to restrict the colonies’ ability to trade with other nations, causing economic frustration and contributing to colonial dissent. Ultimately, this imbalance fostered resentment and played a role in the push for independence.