What was the british policy of mercantilism

The mercantilist policy was created by England in the 17th century around the mid 1650s, in which basically they imported raw materials from the colonies to process it and transform into manufactured products to be later sold to other countries, creating a new way of trading.

the government closely monitored its finances to avoid another financial collapse.

john maynard keynes developed new economic theories in response to the : b) great depression of the 1930s. his theories are so important that they are known as "keynesianism". in his works he supports the idea of a government with deeper involvement and intervention to end the great depression.