Mercantilism: The Economic System

What is mercantilism?

• A social system

• A political system

• An economic system

• A cultural system

Who were the primary leaders in mercantilism?

• Spain, France, and England

• Portugal, France, and the Dutch

• England, Germany, and Italy

• Spain, Portugal, and Italy

What triggered the race for new lands in the late 1400s?

• The Renaissance

• The fall of the Roman Empire

• The Industrial Revolution

• The Middle Ages

How did European countries gain wealth through mercantilism?

• By colonizing new lands

• By establishing international trade agreements

• By investing in industrialization

• By conquering rival nations

What were the resources collected from colonies called?

• Raw materials

• Natural resources

• Exotic items

• Manufactured goods

What restriction did colonies face in terms of trade?

• They could only trade with their mother country

• They could freely trade with any country

• They were not allowed to trade at all

• They could trade within their continent only

In what ways did mercantilism impact the world socially and culturally?

• The spread of Christianity and enslavement of millions

• The disappearance of entire cultures and conquest

• The development of legal systems and the colonization of every continent

• The exchange of plants, animals, and resources

How did mercantilism influence the world politically?

• It sparked a series of revolutions

• It led to the development of empires

• It promoted global cooperation

• It resulted in the rise of communism

What environmental changes occurred as a result of mercantilism?

• The depletion of natural resources

• The introduction of new plant and animal species

• The global warming crisis

• The expansion of deserts

When did the first colonies of mercantilism start and how long did they last?

• 1600s, lasting for 200 years

• 1700s, lasting for 400 years

• 1400s, lasting for 500 years

• 1800s, lasting for 100 years