Mercantalism

A detailed Summary of Mercantalism

The Spanish, the Dutch, the French, and the English all practiced mercantilism. A term meaning that the world's wealth was finite and that only one nation could grow rich if another one failed. A nation had to extract more gold from a foreign land and export as little as possible to other nations. But there were significant differences that existed in the colonies established in the New World by the Spanish, the Dutch, the French, and the English.

In 1580, Spain came under control of Brazil. This colony was substantially different from the English colonies that were to be established later in the 17th century. The monarchy extended its authority power the entire way to the local communities in the colonies. The colonists didn't have much opportunity to establish political institutions separate from the mother country. Also, the Spanish were much more successful in extracting the silver and gold comp

The British believed in the principals of mercantilism as much as the French, the Dutch and the Spanish did and England's mercantilistic program was its successful wool trade which lasted until around 1550 where the its market failed. The forming of new colonies was their solution to that problem. The colonies that were established by the British were a place to create markets for goods and also to settle disputes with the growing poverty and unemployment rate because of the population boom. Besides the economic motives that existed in the colonies, there was also religion in the colonies. The colonies that the British formed were there so that they could make attempts to find profit, specifically gold, there was no such luck. Like the Spanish, they set out to find gold, but unlike the Spanish, the English were not as successful in extracting the silver and gold, but the land and abundance of raw materi

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Approximate Word count = 615
Approximate Pages = 2 (250 words per page double spaced)

Category: History

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