Mercantilism in Great Britain consisted of the economic position that, in order to increase wealth, its colonies would supply raw materials and export finished products. Mercantilism brought slavery, and an imbalanced system of trade.
True. Research this so that you know about it next time.
The industrial revolution has impacted us to this day as in this period many jobs where created leading to a larger working class. Inventions where also being created to make life easier and we use some of these inventions to this day