Answer:
South of West Florida
Explanation:
I did a little research and it said South of West Florida best describes the location of Gulf of Mexico :)
I think that the world would be a better place because the money from the usa would be spread all around the world but many important discoveries won't be made
Acquiring colonies to provide a favorable balance of trade.
Mercantilism was the theory that trade generates wealth and peer, so gathering colonies that stimulate trade would fall under mercantilism.