Examples Of Mercantilism In Great Britain

Great Britain managed to establish itself as the most economically powerful country in Europe from 1700 to 1830 by perfecting its implementation of mercantilism. One very important aspect for any mercantilist country to have is a strong naval force to allow for easy trade. If there is a strong navy, the country can expand and acquire colonies which are invaluable according to mercantilist theory. A third aspect that aids in building a countries economical power is the development of industry within the nation. Britain used all three aspects to facilitate its economic rise to power from 1700 to 1830. An island nation, like Great Britain, must trade overseas to expand their economy. Dominance of the ocean would be the first step for Great Britain