Question

Mercantilism stressed the importance of colonies as sources of raw materials and markets for manufactured goods made in the mother country.
True or False?

Answer 1

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 />