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Mercantilism

Mercantilism. What is it?. Theory that a country is trying to become wealthier and more powerful Country’s ultimate goal is to become self sufficient Competition to see what country can find the most gold and silver (bullion) Inspired countries to seek a favorable balance of trade

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Mercantilism

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  1. Mercantilism

  2. What is it? • Theory that a country is trying to become wealthier and more powerful • Country’s ultimate goal is to become self sufficient • Competition to see what country can find the most gold and silver (bullion) • Inspired countries to seek a favorable balance of trade • Export more than import

  3. England • One of the richest • Most powerful military • Redcoats • Wants more • King George III

  4. Why do we care? • England forces the Colonies to give them natural resources • Timber especially • England then exports the goods back to colonies • Taking advantage

  5. Results • Large and powerful British Navy • Protect investment • Fight against Spanish Armada • Sir Frances Drake • Admiral

  6. problems • Inflation • Value of money falls • Colonies are FLIPPIN’ MAD

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