Mercantilism: notes and terms
--Under mercantilism, the government directed all economic activities within its borders, subordinating private profit to public good. In particular, government tried to minimize imports and maximize exports. England applied this doctrine to America. But to make the system work, Britain would have to control America too, keep it from trading with other partners.
--But many English attempts at controlling American trade = unenforced. 1 reason = sheer distance between colonies and England. Second = politics. Almost all of American colonies = founded before sacendanc of Parliamen…
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