A state's power depended on its wealth.
1733
Mercantilism
the system of mercantilism was an extension of the policy of salutary neglect...
The English economic policy toward the colonies was called mercantilism. Mercantilism basically states that the colonies exist for the good of the mother country and have no rights except what the mother country grants. This policy was not workable because of the great distance between England and the New World. The great distance forced the colonists to create their own government, and create their own rights, legal system, etc.
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.
The mercantilism policy
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.
Restricting imports
Not one hundred percent sure, but the policy of mercantilism was that Africans were a better and cheaper labor source.
mercantilism actually help global trade
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
Mercantilism
Restricting imports
the British Government
shalkaja