Summarize the influence of mercantilism, labor systems, and economic activity in colonial America.

1)Mercantilism led to the creation of monopolistic trading companies, such as the East India Company and the French East India Company. Restrictions on where finished goods could be purchased led in many cases to burdensome high prices for those goods.2)In New Spain, colonial authorities relied on the pre-existing native practices and networks to exercise power over local populations. 3)Whatever early colonial prosperity there was resulted from trapping and trading in furs. In addition, the fishing industry was a primary source of wealth in Massachusetts. But throughout the colonies, people relied primarily on small farms and self-sufficiency.

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