Yes it is absolutely true that Mercantilism stressed the importance of colonies as sources of raw materials and markets for manufactured goods made in the mother country. This was a theory that was favored by the Europeans during the 17th and the 18th centuries. The existence of the colonies also depended on the acceptance of this theory during that time.<span />
<span>Good Morning!
Arab poetry has, over the centuries, a very strong religious value. The philosophical and theological influence of Islam motivated the production of various apologetic texts and extolled the magnitude of Allah.
Hugs!</span>
The stock market has historically returned an average of 10% annually, before inflation. However, stock market returns vary greatly from year-to-year, and rarely fall into that average. Over nearly the last century, the stock market's average annual return is about 10%.
