Theories Of Mercantilism

The colonial empire grew prior to 1740 due to Mercantilism, these colonies economic policies were guided by this one theory. The chief objective of the nations economic poloicies was to serve the state. Mercantilism was developed to facilitate the consoloidation of the new European nation-states. This recquired great amounts of money to support their growing military. Mercantilists considered the economy and politics as zero-sum games; one side’s gain was another’s loss. This essay will reveal to you how mercantilists used mercantilism to basically conquer others, and gain/take as much money as they could before 1740. You will learn how the nation uses mercantilism as a motivation source. During this essay we are goingto be discussing all
The colonies became an important part of mercantilism even though they didn’t have a great quantity of gold and silver as they hoped. Englands raw materials were limited but the colonies were full of all kinds of resources that England needed. New England provided timber and ships, Wheats from the middle colonies fed England’s rapidly growing population. Down in the south there were vast supplies of indigo , tobacco, and other crops you can sell/trade. The best part of it is that England could get all of these things without having to pay for them in actual cash, they would simply get them through triangular trade. British goods were traded for slaves on the Afrian coast, these africans were shipped to America and traded for the raw
As we spoke about during class there were many different colonists, some were great some only lasted as rulers for short periods of time, or shorter than they have planned. The different strategies and techniques these colonists is distinguished them as great or just another mediocre colonist. In 1661 Penn was founded by William Penn, during his ruling Penn practiced religous freedom, economic freedom. He also purchased land from Indians so it wasn’t a fight for the land he purchased rights to it. These characteristics brung in many settlers, and you know more people equals more money being made as well as being spent in this