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.
<span>According to Robert McElvaine, one way the New Deal affected African Americans economically was that it it put many to work through public works projects that benefitted all. </span>
