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[4thSHELBYp!]

Growth of Mercantilism

• The more advanced countries in Europe used this economic policy during Colonial America
• It is really a policy that states that a country’s power is tied to its wealth
• Stating that money was needed to purchase some goods that are vital to the country
• Bottom line: more money more better

 

Examples of Mercantilism

1. England wants gold
2. So England established colonies in America
3. America does not have much gold, but can produce cotton and tobacco
4. England buys cotton cheap and doesn’t allow America to produce cloth
5. England sells the finished cloth to America, and to England’s rival France
6. England gets gold and depletes part of France’s gold reserve