Mercantilism in the Colonies
This worksheet introduces Grade 7 students to the economic theory of Mercantilism, its principles, and its impact on colonial powers and their colonies.
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Topics
Mercantilism: Economic Policies and Colonial Impact
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Read each question carefully and answer to the best of your ability. For multiple-choice questions, circle the letter next to the correct answer. For fill-in-the-blank questions, complete the sentence with the correct term. For short answer questions, write your answer on the lines provided.
Mercantilism was a popular economic theory practiced by European powers from the 16th to the 18th centuries. The main goal of mercantilism was to increase a nation's wealth and power by maximizing exports and minimizing imports. This was achieved by establishing colonies that would provide raw materials to the 'mother country' and serve as markets for finished goods. Colonies were not allowed to trade with other nations, ensuring that all profits returned to the ruling power. This system led to competition among European nations and often resulted in conflicts over colonial territories and trade routes.
1. What was the primary goal of mercantilism?
To promote free trade among all nations
To increase a nation's wealth and power
To establish democracies in colonies
To reduce competition among European powers
2. Under mercantilism, what was the role of colonies?
To trade freely with all nations
To provide raw materials and markets for the mother country
To develop independent economies
To compete with the mother country in manufacturing
3. Mercantilism aimed to maximize a nation's and minimize its .
4. Colonies provided to the 'mother country' and served as markets for goods.
5. Under mercantilism, colonies were encouraged to trade with other nations.
True
False
6. Mercantilism often led to peaceful cooperation among European nations.
True
False
7. Explain in your own words how mercantilism benefited the 'mother country'.
8. Describe one negative consequence of mercantilism for the colonies.
The image below illustrates a historical depiction of colonial trade, which was heavily influenced by mercantilist policies.
