It caused inflation as well as people in the Americas making their own money, not the government's.
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Mercantilism is the economic system that equates a nations wealth with the amount of its gold and silver. Mercantilism was in effect from the 16th to 18th century in France.
The Great Awakening
Mercantilism significantly shaped colonial economies by enforcing a system where colonies were primarily seen as sources of raw materials and markets for the mother country's manufactured goods. This led to the establishment of trade regulations that restricted colonial trade with other nations, fostering dependency on the mother country. Additionally, mercantilist policies often spurred economic activities such as agriculture and mining in the colonies, but they also limited economic diversification and self-sufficiency, ultimately contributing to tensions that fueled colonial dissatisfaction and calls for independence.
Mercantilism significantly impacted Native Americans by intensifying European colonial expansion and exploitation of resources. As European powers sought to amass wealth through trade and the control of natural resources, indigenous populations faced displacement, loss of land, and disruption of their traditional economies. The demand for fur, tobacco, and other goods led to increased conflict and violence, as well as the introduction of diseases that devastated Native American communities. Thus, mercantilism contributed to the profound transformation and often detrimental effects on Native American societies.
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Spanish colonies could only export their raw materials to Spain or other Spanish colonies, and had to purchase manufactured products only from Spain. This was typical of European colonies under the system of mercantilism.
Muslim colonies in Scandinavia
Muslim colonies in Scandinavia
Muslim colonies in Scandinavia
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Some lost colonies, most notably England lost the American colonies. Other countries overthrew their leaders, most notably France's King Louie.
The divisions increased the sense of rivalry between nations. And every nation wanted to spread their religion to the New World so they had to get colonies before countries other religion could get that land.
Th great awakening affected the colonies in a few ways. The main thing that colonies were affected was Christianity.
Great Britain's rule over the American colonies greatly influenced much of our legal body. We use many of their customs as well.
It showed the Americans that the ruler, if corrupt, can be overthrown. It set a precedent for the colonies when they separated from the King's rule.
There were not very many Latin citizens in the American Colonies. The War had no special effect on any that were there.