Mercantilism Basics
What economic system focused on increasing a country's wealth through trade and colonies?
Mercantilism
Colonies provided what type of materials to the mother country?
Raw materials
What ocean separated Europe from the Caribbean colonies?
Atlantic Ocean
Which country first controlled most of the Caribbean colonies?
Spain
Colonies were allowed to trade freely with any country.
False
What precious metals were considered the main measure of wealth?
Gold and silver
Colonies were forced to buy what from the mother country?
Manufactured goods
What illegal activity helped break the trade monopoly?
Smuggling
Name two other European countries that colonized the Caribbean.
England and France
Mercantilism allowed colonies full economic freedom.
False
Who controlled trade laws in mercantilism?
The government
What crop was called “white gold” in the Caribbean?
Sugar
What product was the most profitable export from the Caribbean?
Sugar
What was the name for countries that controlled colonies?
Mother countries
The Caribbean economy focused mainly on plantation crops.
True