Between the 16th and 18th centuries, European nations were dominated by an economic way of thinking called mercantilism, which implicated their North American colonies. The key idea was that exports from the mother country should be as high as possible and imports minimized.
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Audio credit: In Our Time History podcast with Melvyn Bragg and guests D’Maris Coffman, Craig Muldrew, Helen Paul (episode: Mercantilism (13apr2023) BBC Radio4. Audio excerpts reproduced under the Fair Use (Fair Dealings) Legal Doctrine for purposes such as criticism, comment, teaching, education, scholarship, research and news reporting.
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History of North America