Summary of newtons 2nd law 5 sentences

Newton's first law of motion predicts the action of objects for which all existing forces are balanced. The first law, also referred to as the law of inertia, states that if the forces acting upon an object are balanced, the acceleration of that object will be 0 m/s/s. Objects at equilibrium will not accelerate. According to the law, an object will only accelerate if there is an unbalanced force acting upon it. The presence of an unbalanced force will  change its speed, its direction, or both its speed and direction. All forces retaining to this law are related to inbalance

It's true it didin't work becouse britain continued trading with it's colonies and the system hurt economies of the countries that used it