... fuel it's rapidly growing industrial sector. Oil, tin, and rubber were in particularly high demand. The remote locations, and poor economic standing of the base countries, provided the industrial sector of the UK with cheap raw materials. Of course, glory was associated with imperialism. More territory meant that the ... to an incursion of debt as a result of a mercantilist mindset. Britain would buy cheap materials from the colonies, produce expensive finished goods, and sell them back to their colonies. An incursion of debt is assumed by the colonies, making them fall deeper into the ob...

• Word Count: 987
• Approx Pages: 4

... but instead benefited the colonies more than it did the Royal Crown. Britain originally created the mercantile system out of sheer greed and conceit, in order to further their wealth and use the colonies as a grandiose fashion of income. Part of the mercantile system involved the Navigation Laws, but these did not ... over the tobacco market in Britain. To go even one-step farther, tobacco growth was outlawed in both Ireland and England. The colonies also had a majority of their army provided by Britain, and there was not much, if any, tax imposed on them for this. This made it easier to...

• Word Count: 498
• Approx Pages: 2
• Grade Level: Undergraduate