1. Merchantilism in 1700
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