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How did capitalist policies differ from mercantilist policies in 18th- and 19th-century Europe?
Under capitalism, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
How did the government regulation of trade limit economic growth under the system of mercantilism?
It prevented the expansion of trade with other countries.
England controlled the external trade of the colonies under which policy?
mercantilism
What was the role of the colonies under mercantilism?
Under mercantilism, the role of the colonies was to serve as sources of raw materials and markets for the mother country's manufactured goods. Colonies were expected to produce specific commodities that were in demand in Europe, thereby enriching the parent nation. This system aimed to create a favorable balance of trade by ensuring that exports exceeded imports, ultimately enhancing national wealth and power. Additionally, colonies were often restricted from trading with other nations to maintain economic control.
Under mercantilism who controlled trade and who supplied materials?
England controlled trade and the North American colonies provided England with raw materials.
How was the free enterprise system different from mercantilism for 18th- and century Europeans?
Under free enterprise, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
How was the free enterprise system different from the mercantilism for 18th and 19th century Europeans?
Under free enterprise, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
How did capitalist policies differ from mercantilist policies in 18th- and 19th-century Europe?
Under capitalism, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
How did government regulation of trade limit economic growth under the system of mercantilism?
It prevented expansion of trade with other countries.
How did the government regulation of trade limit economic growth under the system of mercantilism?
It prevented the expansion of trade with other countries.
What is the economic system under which colonies make their mother country rich through exclusive trade?
mercantilism
England controlled the external trade of the colonies under the policy of?
mercantilism
England controlled the external trade of the colonies under which policy?
mercantilism
Under mercantilism who controlled trade and who supplied materials?
England controlled trade and the North American colonies provided England with raw materials.
Which statement correctly describes interstate trade under the articles of confederation?
States restricted trade between states with tariffs.
Under the economic system of mercantilism colonies were encouraged to?
provide raw materials for the mother country
How does mercantlism compare with a free enterprise system?
Mercantilism is based on economical regulation, while the free enterprise system is based on economic freedom
