As Europeans expanded their market reach into the colonial sphere, they devised a new economic policy to ensure the colonies’ profitability. The philosophy of mercantilism shaped European perceptions of wealth from the 1500s to the late 1700s. Mercantilism held that only a limited amount of wealth, as measured in gold and silver bullion, existed in the world. In order to gain power, nations had to amass wealth by mining these precious raw materials from their colonial possessions. Mercantilists did not believe in free trade, arguing instead that the nation should control trade to create wealth and to enhance state power. In this view, colonies existed to strengthen the colonizing nation. Colonial mercantilism, a set of protectionist policies designed to benefit the colonizing nation, relied on several factors: Colonies rich in raw materials Cheap labor Colonial loyalty to the home government Control of the shipping trade
True. Although there are many people who believe that governors are irrelevant and that the president more or less decides everything with the congress, it is incorrect and bad governors can make a lot of damage to the state that the federal government has to repair out of tax payers money later.
The proprietorship in the middle colonies was formed or created when the king or a king gives a land to a person but on an agreement that they will share whatever profits the person may gain from the King's land.
