Question

A new economic system that would dominate economic relations between Europe and the Americas developed during the sixteenth century. Which statement correctly states how this economic system affected British colonization in the Americas?
A . Mercantilism motivated the British to found colonies to create better trade relationships with other countries.
B. Free enterprise motivated the British to found colonies to create more competition for their domestic businesses.
C. Mercantilism motivated the British to found colonies to acquire raw materials for manufactured goods.
D. Free enterprise motivated the British to found colonies to provide better opportunities for their entrepreneurs.

Answer 1

C. Mercantilism motivated the British to found colonies to acquire raw materials for manufactured goods.

This statement correctly reflects how mercantilism influenced British colonization, as the economic theory emphasized the importance of accumulating wealth through obtaining raw materials from colonies to support manufacturing and trade.