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How did navigation acts support the idea of mercantilism?

by restricting the use of foreign shipping for trade between England and its colonies.


What did the Americas export to the triangular trade?

i have no idea lol


The idea that trade with colonies would enrich the mother country is known as?

mercantilism


How did navigation support the system of mercantilism?

The main idea behind mercantilism is that you want more exports than imports (more money coming into your country than going out of your country).


How did the navigation acts support the system mercantilism?

The main idea behind mercantilism is that you want more exports than imports (more money coming into your country than going out of your country).


How did navigations act support system of mercantilism?

The main idea behind mercantilism is that you want more exports than imports (more money coming into your country than going out of your country).


Is mercantilism the same as economic nationalism?

There are some similarities between mercantilism and economic nationalism, specifically in the idea that the purpose of the economy is to propel and enhance the power of the nation-state. However, mercantilism holds certain economic beliefs which are not necessary in nationalism, such as the idea of zero-sum world trade and objective value of and desire to collect bullion. So, mercantilism and economic nationalism, while similar, are not the same.


How did trade laws that limited colonies' economic freedom support the idea of mercantilism?

Trade laws that limited colonies' economic freedom were essential to mercantilism as they ensured that colonial economies served the interests of the mother country. By restricting trade to specific routes and requiring the use of the mother country's ships, these laws maximized the flow of resources and wealth back to the home nation. This control over colonial trade created a favorable balance of trade, which was a key principle of mercantilism aimed at increasing national power and wealth. Ultimately, such regulations prevented colonies from developing independent economic systems that could compete with the interests of the mother country.


What were some major export of great Britain during triangular trade?

shipping goods, and growing plants


What is the basis for the economic theory of mercantilism that drove the exploration and settlement of North America by Europeans?

Mercantilism is based on the idea that a nation's power stems from its wealth, which encouraged the acquisition of natural resources and developing trade in North America.


What is the basis for the the economic theory of mercantilism that drove the exploration and settlement of North America by Europeans?

Mercantilism is based on the idea that a nation's power stems from its wealth, which encouraged the acquisition of natural resources and developing trade in North America.


Best theory that supports mercantilism?

The best theory that supports mercantilism is the "Balance of Trade" theory, which posits that a nation's wealth and power are best served by maximizing exports and minimizing imports. This theory emphasizes the importance of accumulating precious metals, such as gold and silver, through a favorable balance of trade. Mercantilism advocates for government intervention to protect domestic industries and promote exports, reinforcing the idea that national prosperity is achieved through a strong trade surplus.