American History 2008 Homework One Answers - Model
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H4. Mercantilism can be briefly described as a system in which a mother country restricts imports and maximizes exports. The mother country would import raw materials from its colony, and would then produce finished products at minimal cost. Then they would sell the products to other countries it traded with, and even back to the original colony. My view of mercantilism is that it was essentially a very good idea, created by someone who had a head for good business and knew how to make money. However, to me the mother country is exploiting the colony by taking the raw materials for so little and then selling the finished product for a good percentage more. (Katie B.)
