Mercantilism In attempt to gain wealth and power, Great Britain started to enforce the theory of mercantilism. ... As a result of this attempt, the colonies were actually the ones who were benefiting from mercantilism the most. ... Before the Navigation Laws, the colonies were under "salutary neglect" and England was not aware of what the colonies were doing to earn their money. ... The mercantilist theory supported the colonies better. ... Even though mercantilism was intended to increase Great Britain's wealth and power it really in turn was more favorable for the colonies. ...

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• Approx Pages: 3

3-21-02 Mercantilism In attempt to gain wealth and power, Great Britain started to enforce the theory of mercantilism. ... As a result of this attempt, the colonies were actually the ones who were benefiting from mercantilism the most. ... Before the Navigation Laws, the colonies were under "salutary neglect" and England was not aware of what the colonies were doing to earn their money. ... The mercantilist theory supported the colonies better. ... Even though mercantilism was intended to increase Great Britain's wealth and power it really in turn was more favorable for the coloni...

• Word Count: 663
• Approx Pages: 3

Those who may say that during the late early and mid 1700's, "Mercantilism was actually more favorable to the colonies than to Great Britain" are wrong and deserve a lesson in history. ... Considering this, England would create an economic system of mercantilism, which would favor Great Britain only and would hurt the colonies in developing their own. During the 18th Century England had established an economic policy of mercantilism with its new Colonies. ... Mercantilism meant that the colonies had a greater export than import. ... As it is now clearly seen, Mercantilism can profit on...

• Word Count: 384
• Approx Pages: 2
• Grade Level: Undergraduate

Mercantilism, the theory and system of political economy prevailing in Europe after the decline of feudalism, based on national policies of accumulating bullion, establishing colonies and a merchant marine, and developing industry and mining to attain a favorable balance of trade, as defined by The American Heritage ® Dictionary of the English Language, was supposed to be a way for Britain to make itself more powerful and prevalent, but instead benefited the colonies more than it did the Royal Crown. ... Another factor that greatly helped the colonies was tobacco. ... Even though the col...

• Word Count: 498
• Approx Pages: 2
• Grade Level: Undergraduate