Mercantilism was the European way of life from the 1600s to the 1800s. The idea was to encourage a balance of trade and to economically challenge foreign powers. It was also a counter measure against absolutism. Although much of Europe was a monarchy, complete control of the people in terms of economics was discouraged. Most absolute monarchies were inherited.
1733
A state's power depended on its wealth.
Mercantilism
They began to smuggle goods into and out of the country
the system of mercantilism was an extension of the policy of salutary neglect...
Trades and goods for the location of the policy and for the Mercantilism
Trades and goods for the location of the policy and for the Mercantilism
the British Government
Not one hundred percent sure, but the policy of mercantilism was that Africans were a better and cheaper labor source.
Not one hundred percent sure, but the policy of mercantilism was that Africans were a better and cheaper labor source.
1733
yes it was important
yes it was important
It basically restricted trade
because it was in favor of the British Mercantilism was the economic philosophy underlying early European colonial policy. The object of mercantilism was to increase the wealth of the Mother Country (England) in gold and silver.
Mercantilism
the relationship between the two is depicted by mercantilism is a new economic policy and colonization is the establishment of colonies; "the British colonization of America" so the British colonized colonies and made a new mercantilism.