... power is measured by its wealth in gold and silver. In order to make mercantilism work, countries competed with one another to acquire gold and silver. The colonies were very important to mercantilism because they supported their mother country by becoming a source of raw materials to create a favorable balance of trade by allowing England to export more than it imports. - England desired self-sufficiency. In ... order to accomplish this they needed more raw materials. The colonies were a new and large source ... the first grammar schools, where young men learned Greek and Latin. Boston...

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• Grade Level: High School