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What were the goals of a mercantilist economic policy in the colonial era?
Wiki User
∙ 13y ago
First of all, you're from Fairfax High School taking AP US History, aren't you? Well, mercantilism is the belief that one person or nation could grow rich only at the expense of another nation, and that a nation's economic health depended on selling as much as possible to foreign lands and buying as little as possible from them. Based on that, the goals of a mercantilist economic policy would be to exploit the Natural Resources of another nation (in this case America) and try to buy as little as possible from England (one of the main reasons the colonies started to create metal works industries in the North). These industries that exploited the land provided commodities that could be exported to England as an exchange for some manufactured goods. The colonies were trying to be more self-sufficient since the ability of people to acquire manufactured implements lagged far behind the economy's capacity to produce them.
Wiki User
∙ 13y ago
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