How did mercantilism (the economic policy that emphasizes government control and regulation of trade to accumulate wealth) impact the American colonies?(1 point)

Question

Responses

It encouraged the colonies to develop their own industries and become self-sufficient
It encouraged the colonies to develop their own industries and become self-sufficient

It had no impact on the colonies' economy
It had no impact on the colonies' economy

It restricted the colonies' ability to trade with countries other than Britain
It restricted the colonies' ability to trade with countries other than Britain

It allowed the colonies to trade freely with other countries

Answer 1

The correct response is:

It restricted the colonies' ability to trade with countries other than Britain.

Mercantilism led to policies that limited colonial trade to ensure that wealth flowed back to the mother country, which included restrictions on trade with other nations.