mercantilism
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Last updated 11:58 PM on 10/29/24
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6 Terms
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What is mercantilism
An economic system aiming to maximize wealth through trade regulations with a balance of exports over imports.
2
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Who implemented this system?
The British in the American colonies
3
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Benefits
Guaranteed market for raw materials like tobacco and naval protection from foreign threats
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drawbacks
The British Navigation Acts restricted colonial trade and only let them trade with the British
5
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why were the drawbacks so bad?
The dependency on the british stifled colonies econmic growth and autonomy. Taxes on everyday goods drained colonial resources.
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What emotion did it bring to the colonies
resentment towards the British and the want for independence
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