The dominant economic philosophy in Europe at the time was mercantilism. This theory proclaimed that it was the government's duty to tightly regulate the state's economy. Mercantilists believed that world wealth was limited, so it was more important for countries to export than to import. I believed there was.
Colonial ownership because one country no longer has to depend on others for raw materials tariffs, and monopolies are among the tactics of mercantilism in this era. The American colonies could supply crops such as tobacco and rice from the southern colonies, and raw materials such as timber from the northern colonies, so they had more than enough from a mercantile point of view.
It was decided that Africans would be better workers. They were also considered not-so-poor Europeans who preferred not to be at the bottom anymore. The southern colonies were settled primarily for economic gain. Economic activity in the northern colonies was based on manufacturing and trade. Economic activity in the southern colonies was based on agriculture. Commercial exchange systems such as mercantilism brought about great changes in the British North American economy. Because this meant an increase in the shipping industry, a single but well-prepared market for the colonies, and increased use of slavery in the colonies.
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