In 1665 England was devastated by the Great Plague, and in 1666 London was decimated by fire, so how did both the country and the city still manage to flourish?

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History

Cruz Flores

9 June, 06:53

In 1665 England was devastated by the Great Plague, and in 1666 London was decimated by fire, so how did both the country and the city still manage to flourish?

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Answers (1)

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Aaden Montgomery · Answer 1

The colonies turned out to be profitable ventures.

Explanation:

• Mercantilism in Great Britain consisted of the economic position that, in order to increase wealth, its colonies would be the supplier of raw materials and exporter of finished products.

• Mercantilism brought about many acts against humanity, including slavery and an imbalanced system of trade.

• During Great Britain's mercantilist period, colonies faced periods of inflation and excessive taxation, which caused great distress.