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 countrys power is tied to its wealth. Stating that money was a need to purchase some goods athat are vital to the country. Bottom Line MORE MONEY MORE BETTER.
EXAMPLE: 1. 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(much higher) and Englands rival, France
- England gets gold and depletes parts of France's gold reserve.
Atlantic Slave Trade 70 pts tuesday
Colonies wednesday 125
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