It is clear that England was guided by mercantilism when it colonized north America because the colonies existed to benefit England economically.
Mercantilism is one of the first experiences with capitalism in the western world. It's not a theory, but a series of economical practices to promote the development of the European kingdoms. One of the points of Mercantilism is territorial expansion. In a nutshell, it is the perception that it is necessary to look for new territories and explore the natural elements of that territory.
Mercantilism is an economic practice in which a government uses the economy to expand state power at the expense of other countries. The government sought to ensure that exports exceeded imports, accumulating wealth in the form of bullion (mainly gold and silver).
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