well its pretty much good, but there are still some argues about it. *--[Stephanie]--*
It caused inflation as well as people in the Americas making their own money, not the government's.
Mercantilism guided the British to view the New World as a place filled with raw materials. They expected the American colonies to serve their mother country by collecting these materials and giving/trading it with it's mother country as well as it's sister countries.
Mercantilism is detrimental to colonies because it prioritizes the economic interests of the mother country over the well-being of the colonies themselves. This system restricts colonial trade to only benefit the parent nation, limiting the colonies' ability to engage in profitable commerce with other countries. Additionally, it often leads to exploitation of colonial resources and labor, stifling local economic development and perpetuating dependency on the mother country. As a result, colonies are unable to grow economically and politically independent.
Well you should under stand it like this. People want more money so they like to do more imports than exports.
It was inconsistently enforced
The system of mercantilism was properly enforced by England. This can be attributed to the structures that have been put in place in the country.
Navigation Acts- mercantilism favored England at the colony's expense (colonies were forced to give raw materials to England only ,trade with England only, and only buy English products), and colonies were often heavily taxed for goods as well
well its easy only the U.S.A and England use it
Well the governors were mean and didnt want to eat their children
Well the governors were mean and didnt want to eat their children
Well the governors were mean and didnt want to eat their children
The British Empire and other strong European powers adopted the economic system called Mercantilism in the belief that such a system would further their national prosperity. Under this system, England had to attract the maximum amount of gold and silver, since wealth is measured by these metals. England also had to export more than it imported and receive gold and silver as payment for the difference between the payment system. In order to ensure that exports would have a strong base, it would subsidize domestic industry with awards for exporting as much as was possible. Imports would be discouraged by hifg tariffs on such imports that tried to compete with homeland industry. The acquisition of overseas colonies would assure a market for the homeland exports. And, provide an inexpensive source of raw materials, and some gold and silver as well. To keep the colony markets open to homeland exports, restrictions on the colony imports would handle that. Forbid trade with rival European nations as well.
well its pretty much good, but there are still some argues about it. *--[Stephanie]--*
while England had a well-developed rail system, Japan depended on water transportation
Mercantilism provided the economic framework for exploration and colonization by encouraging the acquisition of wealth and resources to strengthen the home country. In New France, exploration and colonization were driven by mercantilist principles, as the French sought to establish trading posts, extract natural resources, and expand their empire to increase their wealth and power. The fur trade with indigenous peoples played a significant role in the economic success of New France under the mercantilist system.
i think they settled quite well in England