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Ch. 16—The Transatlantic Economy, Trade Wars, and Colonial Rebellion

Ch. 16—The Transatlantic Economy, Trade Wars, and Colonial Rebellion. Mercantilism. Mercantilism.

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Ch. 16—The Transatlantic Economy, Trade Wars, and Colonial Rebellion

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  1. Ch. 16—The Transatlantic Economy, Trade Wars, and Colonial Rebellion Mercantilism

  2. Mercantilism • Mercantilism is economic nationalism for the purpose of building a wealthy and powerful state. Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports. • From “The Concise Encyclopedia of Economics” by L. LaHaye Adam Smith

  3. Mercantilism • Empires in the New World: • Spain • Most of South America, Mexico, Florida, California, Central America and many Caribbean islands • Great Britain • North Atlantic coast, parts of Canada, Caribbean islands, parts of India

  4. Mercantilism • France • St. Lawrence, Ohio, and Mississippi River valleys, Caribbean islands, stations in India and West Africa • Netherlands • Dutch Guiana (Suriname), Cape Colony (South Africa), stations in West Africa, Sri Lanka and India Portugal Brazil

  5. Mercantilism *Russia-parts of Alaska *Denmark-Caribbean islands

  6. Mercantilism • Two main institutions of mercantilism emerge in India: • East India Tea Company (Great Britain) • Robert Clive • Compagnie des Indes(France) • Joseph Dupleix

  7. Mercantilism • Spanish Colonial System • Mercantilist restrictions • Changes under Bourbon rule Philip V of Spain

  8. Mercantilism • Slavery • The Plantation System • The “Transatlantic Economy”

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