Mercantilism

What is mercantilism?

• A system where a mother countries gains money and power from natural resources that come from its colonies.

• where colonies trade gold and silver with each other.

• Wars that start over money.

• Plantation colonies trading slaves for money.

Tags

CCSS.RI.7.1

CCSS.RI.7.8

CCSS.RL.6.1

CCSS.RL.7.1

CCSS.RL.8.1

True or False? Great Britain wanted to create wealth by importing more goods than it exported.

• True

• False

Which term means a good to sold another country?

• Import

• Export

The impact of mercantilism was that

• The rate of slavery in the Americas went down

• Trade was limited in the Atlantic

• The Colony grew wealthy

• The Mother Country grew wealthy

Wood, water, bricks, corn - are all from the earth. These are called: ____________.

• finished products
• mercantilism
• plants
• raw materials

Raw materials are used to make the things we make ourselves or buy in stores. Those things are:___________.

• raw materials

• manufactured goods

• natural resources

• from the earth

Land the mother country takes in a distant place and uses to make money for itself is a _____________. 

• mercantilism
• conversion
• colony
• city

Based on the political cartoon, how does mercantilism benefit the mother country?

• The mother country always has something to eat.
• The mother country can get rich from the colonies.
• The colonies provide everything to the mother country.

Mercantilism is when

• Raw materials were bought cheaply by the colony and sold as refined materials to the 'Mother Country'

• Raw materials were bought cheaply by the 'Mother Country' and sold as refined materials to the colony

• When merchants sold their goods for high prices to working class citizens

• When working class citizens were forced to sell their products to make profits

In this economic system, a mother country gained wealth by...

• allowing competition in the marketplace
• giving colonist political and religious freedom
• carefully controlling trade
• participating in the Great Awakening