The economic value of having colonies in the first place was for 3 main reasons
1) attain cheap labour from the native peoples
2) acquire cheap raw materials to bring to the homeland (Europe)
3) open up new markets to trade with
the first two were vital in Britains industrial revolution. Without cheap raw materials, and cheap labourers, the factories and refineries in Britain would have costed far more to maintain and keep supplied. This, in turn, would have slowed down production considerably. There is no doubt in my mind that the industrial revolution would still have taken place in Britain with or without the colonies, but WITH the colonies the process was sped up considerably.
Overall, cheap labour and raw materials attained through Britains colonial interests sped up the industrialisation of the UK.
Adopted (If I can remember) And then Became Known as Rome's Founders, Who were also Nicknamed as Silver And Gold. I racked my brains for this one btw.
Answer:
What made trade difficult for the United States in 1790, when Hamilton was secretary of the treasury? Only the federal government could print money. Congress printed different types of money. Each state was allowed to print its own money. State governments were not allowed to print money.
Explanation:
