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
- England wants gold.
- So England established 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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