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Netting America: Economic Relations Between England and Her Colonies

Curated by ACT

The economy of the English Colonies was tied to the homeland economy, which was based on the principle of mercantilism. The belief that a nations' wealth was determined on the power of its independent, fully self-sufficient economy created a structure in which the Colonies were regarded as regular providers of cheap raw material for the home-based industries and as secure markets for products transported from the homeland.

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