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AssignmentMultiple Select

Impact of the Industrial Age

Question 1 • SS221 World History/Geography A

What did countries do to increase their power under mercantilism? Check all that apply.maintain a positive balance of overseas tradeuse colonies to access raw materialstrade to acquire goods rather than silver and goldissue charters for joint-stock companiessend raw materials to colonies

Answer
A
maintain a positive balance of overseas trade
B
use colonies to access raw materials
C
trade to acquire goods rather than silver and gold
D
issue charters for joint-stock companies
E
send raw materials to colonies

Explanation

Mercantilist countries aimed to increase national wealth by exporting more than they imported, creating a positive balance of trade. They used colonies to obtain raw materials and granted charters to joint-stock companies to organize and finance overseas trade. They generally sought precious metals through trade, and raw materials were sent from colonies to the home country, not from the home country to its colonies.

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