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

Social changes were only a progression through time, and a gradual change in what was considered to be socially acceptable and normal behavior in the colonies. Before, throughout and after the American Revolution, there was a noticeable evolution in the political standpoint in the colonies. ... The theory of mercantilism maintained that a country could only be powerful if it had, and kept a favorable balance of trade, this meaning a higher export than import. ... As the time for revolution came nearer and nearer, the colonies became less and less dependent upon the British Empire, and more...

• Word Count: 982
• Approx Pages: 4
• Grade Level: Undergraduate