Broadly speaking, Mercantilism was very good for European countries for a while but terrible for their colonies.
Mercantilism made people in the Old World VERY rich.
But, as a result of the imbalance, the relationship between the European countries and their colonies deteriorated making mercantilism good in the short term but bad in the long term.
as an agrarian republic in which states and localities held most of the power
Answer:
The tariff sought to protect northern and western agricultural products from competition with foreign imports; however, the resulting tax on foreign goods would raise the cost of living in the South and would cut into the profits of New England's industrialists
Explanation:
