Mercantilism

Don't really know will someone please answer the question! I have to get the answer for this thing and I really don't feel like doing it so yeah oleasenanswernthe question correctly thanks

Mercantilism involved strict governmental control over the colonies to maintain the largest margin of wealth possible. Such control required strong centralized governments rather than the small scattered kingdoms that had existed during the feudal era. As smaller kingdoms merged together to form nations under one ruler, they were better able to compete in the mercantilist system

Definitely Hobbes. Mercantilism fit right into Hobbes' overall theory of human nature as he saw al interactions between humans as "zero sum games." If one person gained, the other must necessarily have lost. Locke on the other hand saw the possibililties of humans trading to their mutual benefit. It was the whoel reason man entered into society at all, as agreeing to any contract that provided less benefit than no contract at all was "too gross an absurdity for any man to own." Locke is the progenitor of libertarianism, Hobbes of conservatism. Locke would support free markets, Hobbes mercantilist, with government giving privileges to established, sovereign-friendly insiders.

Mercantilism is an economic system that was arranged and became prevalent in European society in the 17th and 18th centuries. The system endorsed the use of a monopoly to control access to and from markets such as the East India Companies set up by the British and Dutch or VOC (French). These companies would hold a monopoly over the trade to a licensed area and the coloneis fit into the theory as a market for the goods developed in the home country to be exported outward and also for raw materials to be fed from the colonial possessions back to the home country for production.

capitalism

After 1600, mercantilism shaped the competition for empire in the Americas by promoting the idea that national strength was derived from accumulating wealth, particularly gold and silver, and maintaining a favorable balance of trade. European powers, such as Britain, France, and Spain, sought to establish colonies that would provide raw materials and markets for their manufactured goods, leading to heightened rivalries and conflicts over territorial claims. This economic doctrine fueled colonial expansion and exploitation, as nations aimed to monopolize resources and trade routes, ultimately intensifying the competition for dominance in the New World.

true

Francois Quesnay could be associated with the term "Physiocracy". Physiocracy was an economic theory developed by Quesnay and other French thinkers, which emphasized the importance of agriculture and argued against mercantilist policies. Quesnay's work laid the foundation for modern theories of macroeconomics and the importance of the agricultural sector in a nation's economy.

Economics :)

Quite simply, if you import exclusively raw materials and export exclusively finished goods, the costs of finished goods will always exceed the costs of raw materials (because of the value-added in making the finished good) and therefore lead to a positive trade balance.

In addition, most mercantilist countries had set rates at which the raw materials had to be sold, which was at the bottom of reasonable value or below market value.

The Industrial Revolution marked a significant shift in production methods and economic practices, transitioning from agrarian economies to industrialized ones. Mercantilism, which emphasized state control over trade and the accumulation of wealth through exports, laid the groundwork for this transformation by fostering international trade and colonial expansion. The increased production capabilities of the Industrial Revolution allowed nations to produce surplus goods, which could be exported to generate wealth, thereby reinforcing mercantilist principles. Ultimately, the two concepts are interconnected, as the industrial growth facilitated by mercantilism contributed to the rise of capitalist economies.

Chattel slavery

goods were made available due to a central trading system where businesses could communicate more closely to produce and sell products to the people

colonies were a source of raw materials for Spain.

penis

No. Sure, the Colonists might have been protected by Britain from France or Spain, but that was solely because of the dependence the Colonies had with Britain. If there was no connection with Britain, the Colonies might have had no enemies, since France and Spain were the enemy of BRITAIN not the colonists. This was proven when the French and the Colonist both unified to defeat the British in the R.W.

And after the taxes actually started to get enforced, the colonists really had no control over any lawful action. Parliament enforced unjust and biased laws on the Colonies, the King's way of rule was looked down upon in America and Mercantilism really served no purpose at this point in time. You could look at it like this. Just because a certain establishment founded a nation long ago does not mean that establishment could abuse it's power on that nation for founding it, ... long ago.

NOT ONLY THAT, but the distance and the difference in size between the two land masses only increased the difference margin for the colonists. How can such a small island like Great Britain, rule over the much bigger and farther landmass like America. It just doesn't work. Earlier when the colonies first started out it might have been necessary but it served no purpose later on.

false (a country is only as strong as the stuff they can trade)

The goal of a mercantilist economy was to support the parent country and make them more money. Colonies were used to get raw materials shipped back to the parent country so they could produce goods and sell them for money. The parent country also made money on the taxes they put on everything that had to be shipped to them from the colonies before they could be shipped somewhere else.

The Navigation Acts were an attempt to put the theory of Mercantilism into practice in the British colonies. The object of mercantilism was to minimize imports that cost the nation money, and maximize exports that made the nation money. Colonies were a means of reducing England's dependence on foreign nations. Each colony would provide a raw material 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 Navigation Acts required that all colonial trade be carried in vessels built and owned by English or colonial merchants. The ships had to be manned by crews composed of British seamen. The Acts also required that European nations must sell products to the colonies by first stoping at English ports where they would have to pay a customs duty (tax). The products were checked and then were permitted to travel to the colonies. All products had to go through these ports controlled by England. This made the cost of the product more expensive but protected the trade of Great Britain.

the amount of precious metals that could be had

Mercantilism is the idea that there is only a limited amount of wealth in all the world. During the Age of Exploration (1492-1700), Europeans set out to conquer other places in the world so all that wealth will become theirs and they could rule as the most powerful.

Mercantilists believed that to become wealthy and powerful, a country had to export more than it imported. Brenda G.

During the age of Mercantilism even small countries such as the Netherlands and Portugal became world powers from the increase in trade, exploration and exploitation of natural resources. This wealth created by a positive balance of trade enabled these, and other countries to become military powers as well, relative to their landlocked neighbors and the undeveloped regions they exploited. The political economy was based upon the simple premise to "buy low and sell high", as resources like gold in the Americas or spices from the East were obtained cheaply and sold in Europe for a larger amount.

This practice was brought about by advances in marine technology and ship building in the 15th century. But as countries like Great Britain refined products like wool, cotton, wood, etc. via technological advances and financial innovations associated with Capitalism, those countries that relied on Mercantilism, that benefited the aristocracy in particular, nations like Spain and Portugal began to decline by the 18t century.