Mercantilism Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

Define mercantilism.

A

Money is power. Wealth from gold and silver (bullion) in the treasury. Countries had to export more goods than imported.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Colonial role in mercantilism?

A

The guaranteed market for exports from the mother country and raw materials.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Advantages of mercantilism for colonists?

A

VA tobacco growers got a monopoly. Bounties on ship parts. Protection of the British navy.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Disadvantages of mercantilism for colonists?

A

Currency shortage. Stifled economy. Navigation laws.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly