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Was the African slave trade necessary for Great Britain's economic policy to work?

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MRKIRSCHNER | CERTIFIED EDUCATOR

Great Britain's economic policy, mercantilism, required that the country export more goods than it imported. For this to happen, Britain needed to maintain its status as the world's strongest industrial power. Britain did this by acquiring colonies overseas. It was motivated to do this because it needed new markets for its finished goods. The colonies could also be used to supply raw materials for manufacturing.