DETERMINING CONTEXT What was mercantilism? What was the relationship between mercantilism and
European colonization of the Americas?

mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, tariffs and subsidies on traded goods to achieve that goal. These policies aim to reduce a possible current account deficit or reach a current account surplus.

Explanation:

In the context of the European colonization of North America, mercantilism refers to the idea that colonies existed for the benefit of the Mother Country. In other words, the British saw the American colonists as tenants who 'paid rent' by providing materials for Britain to use.                                                              hope this helps you i answer both of the questions

for your : )

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