Mercantilism?French and Indian War

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The goal of mercantilism was to create a “favorable” balance of trade by

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exporting more than was imported

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According to the economic policy of mercantilism, European nations desired to increase their wealth, power and prestige by establishing colonies in the New World.

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establishing colonies in the New World

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According to the economic policy of mercantilism, the colony existed for the benefit of

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the mother country

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According to the economic policy of mercantilism, the colony would serve as a source of raw materials and natural resources?

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true

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What is one role colonies play in a mercantilist system? Options: Colonies purchase raw materials from other countries., Colonies manufacture finished products for the mother country., Colonies sell raw materials to other countries., Colonies purchase finished products from the mother country.

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Colonies purchase finished products from the mother country.

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What was the goal of mercantilism?

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To control trade and gain wealth

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What area of land was disputed between France and Britain?

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Ohio River Valley

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What does the word disputed mean?

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Disagree or Argue about

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What does it mean to be in debt?

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To owe money to someone

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What was a reason for the war? Each believed they were more powerful, The Spanish were trying to invade., They were worried about Native Americans, Each believed the other would try and take their land

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Each believed the other would try and take their land