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STUPID, WHO WOULD MAKE A PAGE ABOUT MERCANTILISM, THIS IS SOOOO DUMB, YOU PEOPLE ARE DORKS!! |
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Based on Bullionism, the ideas behind Mercantilism were that 1.) European countries are in direct competition, and 2.) Whichever country has the most bullion wins that competition. The key corollary to this precept, which would define international relations for centuries, was that the key for a country to gain more precious metals was for that country to export more goods and services than it imported, unless of course it could just produce a lot of it's own precious metals. England established colonies in the western hemisphere, for example, in part so that they could have an internal source of lumber, rather than Scandinavia. Another key motivator was that because Spain had added so many bullion producing colonies, England ought to counter by, if not adding their own bullion-rich colonies, at least their own colonies that could produce goods to trade to Spain for their newfound piles of bullion. Many would say that Mercantilist theory drove European powers to colonialism, under the believe that a large empire was the key to wealth. |
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Based on Bullionism, the ideas behind Mercantilism were that 1.) European countries are in direct competition, and 2.) Whichever country has the most bullion wins that competition. The key corollary to this precept, which would define international relations for centuries, was that the key for a country to gain more precious metals was for that country to export more goods and services than it imported, unless of course it could just produce a lot of it's own precious metals. England established colonies in the western hemisphere, for example, in part so that they could have an internal source of lumber, rather than Scandinavia. Another key motivator was that because Spain had added so many bullion producing colonies, England ought to counter by, if not adding their own bullion-rich colonies, at least their own colonies that could produce goods to trade to Spain for their newfound piles of bullion. Many would say that Mercantilist theory drove European powers to colonialism, under the believe that a large empire was the key to wealth. |
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