(1 point)
Responses
Gold sent home from the colonies was given to the various churches.
Gold sent home from the colonies was given to the various churches.
Gold sent home from the colonies was given to the royal treasuries.
Gold sent home from the colonies was given to the royal treasuries.
Gold sent home from the colonies was given to wealthy landowners.
Gold sent home from the colonies was given to wealthy landowners.
Gold sent home from the colonies was given to the business owners.
Gold sent home from the colonies was given to the business owners.
1 answer
The correct response is:
Gold sent home from the colonies was given to the royal treasuries.
Mercantilism was an economic theory that emphasized the importance of accumulating wealth, particularly gold and silver, to enhance national power. European nations sought to maximize their exports and minimize imports, using their colonies as sources of raw materials and markets for finished goods. The wealth generated was crucial for funding military endeavors and strengthening the monarchy.
