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How did the economic philosophy of mercantilism slow economic growth before the industrial revolution?
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∙ 6y ago
It prevented merchants from freely trading goods in foreign markets.
Damaris Hackett
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Why did colonists dislike mercantilism?
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.
When did modern economic growth begin?
with the Industrial Revolution
The growth of what economic system was fostered by the Industrial Revolution?
Capitalism
What economic system emerged during the Industrial Revolution?
Industrial capitalism emerged during the mid-18th century as the Industrial Revolution flowered. Industrialists had great economic power because of investment in factories and machinery. Agriculture became more mechanized as well.
One significant economic impact of the second industrial revolution?
frequent and prolonged economic recessions
How did the economic philosophy of mercantilism slow economic growth before the industrial revolution.?
It prevented merchants from freely trading goods in foreign markets.
What is commercial reformation?
The commercial revolution was a period of European economic expansion, colonialism and mercantilism. It lasted from the 13th century until the 18th century, when it was succeeded by the industrial revolution.
The phrase mother country is best assosiated with the economic philosophy known as?
The economic philosophy known as mercantilism was associated with the mother country.
The phrase mother country is best associated with the economic philosophy known as?
mercantilism
What was dominant economic philosophy in western Europe during the seventeenth century?
mercantilism
Why did colonists dislike mercantilism?
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.
When did modern economic growth begin?
with the Industrial Revolution
What was the economic status during the Industrial Revolution in 1845?
recession
The growth of what economic system was fostered by the Industrial Revolution?
Capitalism
What are economic reasons for the Loyalist cause?
The Loyalists received much of their wealth from the mercantilism system, and if the Revolution was successful this source of economic value would dissapear.
What economic system emerged during the Industrial Revolution?
Industrial capitalism emerged during the mid-18th century as the Industrial Revolution flowered. Industrialists had great economic power because of investment in factories and machinery. Agriculture became more mechanized as well.
What is the name of the economic system that developed along with the agricultural revolution and Industrial Revolution in Europe?
Working
