Mercantilism

mercantilism

Having tasted economic independence for too long a period,the American colonist had no desire to return to the mercantilist policies endured by the colonies of the other European nations.

Mercantilism was an economy theory that posited that the wealthiest nation, particularly in terms of precious metals, would be the most powerful. The demand of the precious metals by the developed countries was one of the causes of mercantilism.

England believed that the colonies were set up for the benefit of England all the products produced in the colonies should go to the mother country (England) were the products would then be sold back to the colonies for really high prices.

i don know figure it out

Britain sought to increase its wealth by making use of its colonies. Mercantilism forced the colonies to trade solely with Britain and before they could sell natural resource products such as tobacco and sugar, it first needed to be shipped to England to be taxed even before being sold. The system was set up solely to economically benefit the Mother Country, not the colonies.

Mercantilism was created to increase the profit made by a country. The mother country sends a people to another territory to create a colony. The colony extracts material from the new territory and sells it back to the mother country, who converts the material to finished goods that they can sell to other countries.

Some of the disadvantages were that there were being resources taken away from the territory.

Also, the colony was only allowed to trade with the original country.

They served as both the source of raw materials and the markets for finished goods.

(Some one put pokemon here so I erased it, sorry but look at other links!)

The colonies' sole purpose was to send raw materials to the "mothercountry" for finishing. Then finished products could be send back to the colonists and countries around the world for them to purchase.

It's own form of goverment.

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.

mercantilism was eventually replaced by capitalism

good idea!! yes!

The European States pursued a policy of mercantilism in the 15th-18th centuries because they believed that it would improve the economies at the metropole.

yes it did

The restrictions of English mercantilism on the colonial economies were greatly lessened by governmental inefficiency. The restrictions did not destroy the indigo and cotton plantations.

Mercantilism is an economic theory used by Europe in the late 16th to 18th century that introduced government regulations. It is said to be a brainchild of Adam Smith's book, The Wealth of Nations.

Mercantilism developed in Europe around the late 16th to 18th centuries

some good things

about mercantilism was that they had to get together to find out some things about people. They didn'tknow what to do about those good things but they did know what to do about the bad things. And you will know more about the bad things whenever you ask the question.

raw materials and markets

The basic proposition of Mercantilism is that the state should aim to maximise it's wealth through one-way trade with other countries, maximising exports and keeping inports to a mimimum.

Whilst this theory originates in the 16th century and the theory of free trade followed it, it can be argued that the way in which most countries trade today is rooted in Mercantilism.

Despite the World Trade Organisation claiming non discrimination through the regulation of the 'most favoured nation.' Almost (if not all) every country within the WTO has signed a Regional Trade Agreement, so although they do not officially have barriers against countries not in these RTAs, the RTA members give preferential rates to each other- thus leaving the non-members of these RTAs out.

This sounds complicated, in actual fact it's simple: The developing countries are in debt due to lending policies with interest that they can't pay back, the developed countries export goods into these countries whilst making it very hard for the developing countries to export their own goods in return. The richer are getting richer and the poorer are getting poorer.

This is what is happening now. This is mercantilism.

Cardinal Richelieu

bullionizm,

expansionizm,

militarism and

populationizm

Mercantilism is an economic theory that holds that the prosperity of a nation is dependent upon its supply of capital, and that the global volume of international trade is "unchangeable". Economic assets or capital, are represented by bullion (gold, silver, and trade value) held by the state, which is best increased through a positive balance of trade with other nations (exports minus imports). Mercantilism suggests that the ruling government should advance these goals by playing a protectionist role in the economy; by encouraging exports and discouraging imports, notably through the use of tariffs and subsidies