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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.
500 Questions
What role did mercantilism envision for the colonial possessions of a nation?
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supporters of mercantilism thought that colonial possessions such as those in the states should serve as solely markets foe exports and suppliers of raw materials for mother country's industries
According to mercantilism principles what were the two ways a nation could increase their wealth?
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The object of mercantilism was to increase the wealth of the Mother Country.
How did the role of mercantilism change in North America after the 1763 Treaty of Paris?
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It created a war with Englan and America
How did mercantilism affect the economy and trade in New England Explain using specific examples?
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How did mercantilism increase the likelihood of conflicts between European powers?
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European nations wanted to control more land as a way to become more economically powerful. The hope was to acquire colonies to control their natural resources and make the nation extremely wealthy.
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