Mercantilism
the more advanced countries in Europe used this economic plicy 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
examples
England wants gold
England establishes colonies in America
America does not have much gold, but can produce cotton and tobacco
England buys cotton cheap and does not allow America to produce cloth
England sells the finished cloth to America, and to England's rival, France
England gets gold and depletes part of France's gold reserve
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