Growth of Mercantilism
the (more advanced) countries in Europe used this economic policy during Colonial America,
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.
example- England wants gold.
England est. colonies in America
America does not have much gold, nut 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 rival France.
England get gold and depletes part of Frances gold reserve.
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