How did the economic system of the colonies benefit England?

Between 1640-1660, Great Britain enjoyed the greatest benefits of mercantilism. During this period, the prevailing economic wisdom suggested that the empire's colonies could supply raw materials and resources to the mother country and subsequently be used as export markets for the finished products.

It helped them economically. England could get raw materials from the colonies as well as things like rum that could be better prodcued in the colonies. They could sell finished goods to the colonists. ... Having colonies helped make England look like a world power.

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