Mercantilism More advanced countries in Europe used this economy policy during Colonial AMerica It is really a policy that states that a country power is tied to its wealth Stating that money was

[5thShelbyG]

 Mercantilism

• More advanced countries in Europe used this economy policy during Colonial AMerica
  • It is really a policy that states that a country power is tied to its wealth
  • Stating that money was needed to purchase some goods that are vital to the country
  • More money more better

1. England wants gold
2. England establishes colonies in America
3. America doesn't have much gold, but can produce cotton
4. England buys cotton cheap and doesn't allow America to produce
5. England sells them back to America for a much higher price
6. England gets gold and took a lot of Frances wealth