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Mercantilism. The European World. What is Mercantilism?. the theory that a country’s power depended mainly on its wealth to build strong navies and purchase vital trade goods. obtain as much gold and silver as possible. Two Ways to Increase a Nations Wealth.

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mercantilism

Mercantilism

The European World

what is mercantilism
What is Mercantilism?
  • the theory that a country’s power depended mainly on its wealth to build strong navies and purchase vital trade goods
two ways to increase a nations wealth1
obtain as much gold and silver as possible

establish a favorable balance of trade, in which it sold more goods than it bought

Two Ways to Increase a Nations Wealth
mercantilism explained
Mercantilism Explained
  • colonies existed for the benefit of the Mother Country
mercantilism explained1
Mercantilism Explained
  • colonies existed for the benefit of the Mother Country
  • source of Raw materials = cheap
mercantilism explained2
Mercantilism Explained
  • colonies existed for the benefit of the Mother Country
  • source of Raw materials = cheap
  • shipped to M.C. to be turned into finished goods
mercantilism explained3
Mercantilism Explained
  • colonies existed for the benefit of the Mother Country
  • source of Raw materials = cheap
  • shipped to M.C. to be turned into finished goods
  • finished goods shipped to Colony = expensive
mercantilism explained4
Mercantilism Explained
  • colonies existed for the benefit of the Mother Country
  • source of Raw materials = cheap
  • shipped to M.C. to be turned into finished goods
  • finished goods shipped to Colony = expensive
  • profit goes to M.C.
mercantilism explained5
Mercantilism Explained
  • colonies existed for the benefit of the Mother Country
  • source of Raw materials = cheap
  • shipped to M.C. to be turned into finished goods
  • finished goods shipped to Colony = expensive
  • profit goes to M.C.
  • pass laws forbidding colonies from producing their own goods
mercantilism explained6
Mercantilism Explained
  • colonies existed for the benefit of the Mother Country
  • source of Raw materials = cheap
  • shipped to M.C. to be turned into finished goods
  • finished goods shipped to Colony = expensive
  • profit goes to M.C.
  • pass laws forbidding colonies from producing their own goods

Mercantilism = unfair or unbalanced trade

triangular trade1
Triangular Trade
  • Europeans transported manufactured goods to the west coast of Africa
triangular trade2
Triangular Trade
  • Traders then exchanged these goods for captured Africans who were then sold in the the Americas
triangular trade3
Triangular Trade
  • Merchants then bought sugar, coffee, and tobacco in the West Indies and sailed back to Europe to sell these products
long term results

Asian trade routes had dominated global trade prior to 1500s, with West Asia acting as a “middle man” between east and west

Long Term Results
  • global trade routes shifted over time
  • the old silk routes declined
  • West Asia and the Islamic world were displaced as the centralized location of global trade
  • the Atlantic and Pacific sea routes became the new focus of global trade