How did mercantilism influence the development of colonies?

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2026-07-31 20:30

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Mercantilism significantly influenced the development of colonies by promoting the idea that colonial economies should primarily benefit the mother country. Colonies were established to provide raw materials and resources, which were then processed and sold back to the colonies at a profit. This system encouraged European powers to expand their territories and assert control over trade routes, leading to the exploitation of colonial resources and the establishment of trade monopolies. Ultimately, mercantilism shaped colonial policies and economic structures, fostering dependency on European nations.

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