Test on Tuesday and Wednesday
Tuesday-70 point-over slave trade
Wednesday-125 points colonies
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
- 1) England wants gold
- 2)So England establishes colonies in America
- 3) America does not have much gold, but can produce cotton and tobacco
- 4) England buys cotton cheap and does not 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
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