Which the government supported economic development

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The Spanish, Portuguese, French, Dutch, and English had economic systems in which the government supported economic development, expecting to get profit back from it. So, they needed colonies in order to strip those colonies of raw materials that were then shipped to the "mother country" where they were converted into saleable items, like converting sugar into molasses into rum. Such economic systems are known as what?

Reference no: EM133759409

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