How did mercantilism differ from salutary neglect?

Answer 1

Mercantilism was an economic policy that emphasized the importance of accumulating wealth, particularly gold and silver, through a favorable balance of trade and government regulation, often leading to strict control over colonial economies. In contrast, salutary neglect referred to the British colonial policy of lax enforcement of trade regulations, allowing colonies greater autonomy and freedom in their economic activities. While mercantilism sought to tightly control colonial trade for the benefit of the mother country, salutary neglect fostered a more hands-off approach, enabling colonies to develop their own economic practices and trade relationships. This difference ultimately influenced the colonies' attitudes toward British authority and trade policies.