Mercantilism

Mercantilism was the economic system used by European Powers over their New World colonies. It required the colonies to have direct trade only with the European power and served to retard the development of industry in the colonies. Colonists tended to try to circumvent mercantilism through smuggling.

1,518 Questions
Mercantilism

What are the main ideas of mercantilism?

123 stop

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Mercantilism

The pros and cons of the mercantilism and physiocrats?

pros and cons about mercantilist and physiocrats

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Mercantilism

What year was mercantilism started?

Mercantilism was the dominant school of thought in Europe throughout the late Renaissance and early modern period (from the 15th-18th century).

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Mercantilism

Why did mercantilists think that countries should set up colonies?

Because bdaywhdyuahdyuasdiyajdiuyajsiudjawsdAWDsadaw

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Mercantilism

Under the economic policy of mercantilism what did the colonies not have to do?

According to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their natural resources for less than they would be worth and by buying manufactures for much more money.

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Colonial America
Mercantilism

How did mercantilism affect the colonies?

According to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their natural resources for less than they would be worth and by buying manufactures for much more money.

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Mercantilism

To what extent did mercantilism affect the political and economic development of England's 13 American colonies?

Colonies had to sacrifice their well being as a colony to provide raw material for their mother country.

- forced only to trade and carry their goods only by English colony-built ships and crew

- had to buy and sell food to the mother country they sold a lot of things to the mother country and received little giving the colonies a down fall. and they were limited on what country to buy from which the only one they could buy from was Great Britain the mother country.

-the government took control of the industries which restricted them from making their own material like cooking pots, furnishing, clothing etc.

-mercantilism was done to the belief that there was little money on earth and to make the mother country richer they created mercantilism to rich them more land= more wealth especially if the land belongs to the mother country and is being used by colonies not cities

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Mercantilism

What is the theory of mercantilism?

Export more goods than are imported

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Mercantilism

A colony of a country that followed mercantilism during the 17th century would NOT be encouraged to develop?

Its own form of government

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Mercantilism

What is the principle of mercantilism?

According to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their natural resources for less than they would be worth and by buying manufactures for much more money.

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Mercantilism

Why did colonists dislike mercantilism?

because it was in favor of the British Mercantilism was the economic philosophy underlying early European colonial policy. The object of mercantilism was to increase the wealth of the Mother Country (England) in gold and silver.

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Mercantilism

How well was the system of mercantilism enforced by England?

It was inconsistently enforced. A+

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Mercantilism

What was the role of the colonies in the british mercantilism system?

According to British mercantilist policy, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their natural resources for less than they would be worth and by buying manufactures for much more money.

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Mercantilism

Who was Louis XIV's economic adviser who developed the policy of mercantilism?

Jean Baptiste Colbert

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Mercantilism

An aspect of mercantilism?

An interest in increasing exports

An interest in having a favorable trade balance

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Mercantilism

What caused the growth of mercantilism?

Udk

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Mercantilism

How did mercantilism benefit England?

Each colony would provide raw materials to England and this would allow the nation to not have to purchase that product from another nation. By establishing colonies loyal to the Crown, Great Britain would be expanding a dependable market for the finished products coming out of British industries. The colonies would always have a market for their goods, and could buy British products from their industry at a lower cost.

Copy from How_did_colonist_benefit_from_mercantilism

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Mercantilism

What is a feature of mercantilism?

One feature of mercantilism is exploiting the colonies for raw resources.

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Mercantilism

What is the main idea behind the theory of mercantilism?

import more goods than are exported---nova net << that is utterly wrong!

Actually, the main idea was to export more goods than are imported.

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Mercantilism

What is mercantilist theory?

a policy based on on the idea that a country should sell more goods than it buys

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History, Politics & Society
Economics
Mercantilism

How did the British Navigation Acts effect Dutch shipping?

The Dutch at the time had the largest merchant fleet of all Europe and were the premier shippers of any bulk goods between any countries in Europe. England's Navigation act - activated solely to give a boost to English shipping and commerce - dictated that from now on, any goods shipped to or from England could only be transported by an English ship or by a ship of the other country concerned in producing or buying the goods in the ship.

Since no other European country (except for the Dutch) had a merchant fleet to speak of, this meant that any trade to and from England would effectively be serviced by only English ships. This again meant that the Dutch in one stroke lost a large part of their market: even if only part of a cargo was meant for England, the English claimed exclusivity for that trade, too.

The Navigation Act led first to massive lay-offs in the major (all harbor) cities of the Dutch Republic and to four consecutive wars between Holland and Britain which in sports terms led to two wins, one loss and a draw in favour of the British.

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Sentence and Word Structure
Example Sentences
Mercantilism

What is an example of a sentence using the word mercantilism?

Mercantilism used to exist in ancient time among traders. This is a sentence which contains the word merchant ism.

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History of England
Colonial America
Mercantilism

How did mercantilism affect the relationship between England and the colonies?

at the mission of san rafael arcangel who ruled the economy

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Mercantilism

Describe mercantilism and how did a country have power?

because they were gay people that loved erick, rafael, & george (;

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Mercantilism

How did the navigation act support the system of mercantilism?

In order to understand the Navigation Act's support of mercantilism, we need to define British mercantilist policy. This policy required the colonies to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory.

By and large, Americans reacted to British mercantilist policy, by blatantly violating it. The colonists engaged in large scale smuggling with their neighbors to acquire other materials and sell goods that were locally-produced. Conversely, several small manufacturing plants were built in the colonies to deal with the shortfall and high expense of British-produced manufactures. The Navigation Act was passed to prevent the colonists from engaging in their smuggling operations and exclusively travel between the UK and the colonies. This would maintain article (1) of the mercantilist system.

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