Mercantilism is a system that is used to increase the import in a country and reduce the export, in an effort to protect the economy.
The Iron Act was meant to reduce the influence of the products of the colonists so as to protect the home industry.
Therefore, the mercantilist principle the Artificers and Manufacturers Act, also known as the Iron Act of 1750 exemplifies is the ability to protect the local economy and home inudustry.
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