How and why was mercantilism significant to the growth of colonial empires

Mercantilism was a popular economic philosophy in the 17th and 18th centuries. In this system, the British colonies were moneymakers for the mother country. This pushed the colonists to buy only British goods, instead of goods from other European countries.

Explanation:

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popular sovereignty   influenced the declaration of independence because the colonists wanted to have freedom to do they wanted so they put into writing