The Merits and Menace of Mercantilism.
During the seventeenth and eighteenth centuries, the economic theory utilized by Great Britain towards its empire was known as mercantilism. The idea behind mercantilism was to amass wealth through a favorable balance of trade, or exporting more goods than were imported. Within the idea of mercantilism, the colonies were meant to be a source of raw materials and a market for manufactured products. Even though the mercantile theory seemed to prosper between England and the colonies, the underlying resentment from the colonies towards it and its negative effects on them eventually led to…
- Radiocarbon Dating: Merits and Drawbacks.
- The Merits and Menace of Mercantilism.
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