1. Mercantalism
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. ...
- Word Count: 498
- Approx Pages: 2
- Grade Level: Undergraduate