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What was the major purpose of England's mercantilist policy?

The main purpose of England's mercantilist policy was to maximize profits through monopoly within colonies. American colonies were exploited by England for their raw materials, which were shipped to England for processing and sold back to other colonies at a significant mark up.


Is mercantilist school of thought relevant today?

The mercantilist school of thought, which emphasizes the importance of government intervention in the economy to enhance national wealth and power through trade surplus, remains relevant today in certain contexts. Many countries still engage in protectionist policies, tariffs, and subsidies to support domestic industries, reflecting mercantilist principles. Additionally, discussions around trade imbalances, economic nationalism, and strategic resource management echo mercantilist ideas. However, the global economy's complexity and interdependence often challenge pure mercantilist approaches, leading to a more nuanced application of its tenets.


What situations would not be supported by a government practicing a mercantilist economic system?

the country's navy uses only imported wood and steel to build its ships


What actions would be favored by a government that supports a mercantilist economy?

Answer this question… A merchant uses resources found in his own country to make goods to sell in other countries.


Did the Mercantilist theories caused European nations to abandon their overseas colonies?

Mercantilist theories caused European nations to abandon their overseas colonies.

Related Questions

What was not an effort by the British government to implement mercantilist policies in the 17th century?

The Second Treatise on Government


What was the major purpose of England's mercantilist policy?

The main purpose of England's mercantilist policy was to maximize profits through monopoly within colonies. American colonies were exploited by England for their raw materials, which were shipped to England for processing and sold back to other colonies at a significant mark up.


The large Japanese family-owned conglomerates that work in semi-mercantilist league with the Japanese government are known as the?

It is called "Zaibatsu".


Colonial authorities tried to maximize communication with and control of native peoples by?

teaching them English.


Is mercantilist school of thought relevant today?

The mercantilist school of thought, which emphasizes the importance of government intervention in the economy to enhance national wealth and power through trade surplus, remains relevant today in certain contexts. Many countries still engage in protectionist policies, tariffs, and subsidies to support domestic industries, reflecting mercantilist principles. Additionally, discussions around trade imbalances, economic nationalism, and strategic resource management echo mercantilist ideas. However, the global economy's complexity and interdependence often challenge pure mercantilist approaches, leading to a more nuanced application of its tenets.


What would not be supported by a government practicing a mercantilist economic system?

the country's navy uses only imported wood and steel to build its ships


What situations would not be supported by a government practicing a mercantilist economic system?

the country's navy uses only imported wood and steel to build its ships


Which of the following situations would not be supported by a government practicing a mercantilist economic system?

(Apex) The country's navy uses imported wood and steel to build its ships.


What actions would be favored by a government that supports a mercantilist economy?

Answer this question… A merchant uses resources found in his own country to make goods to sell in other countries.


Did the Mercantilist theories caused European nations to abandon their overseas colonies?

Mercantilist theories caused European nations to abandon their overseas colonies.


Why Government officials tried but failed to regulate the railroads?

The government was shutdown


How can mercantilism be used in a sentence?

"Do you want to be a mercantilist?"