15.5 Mercantilism Arises

European ​ (a)   adopted ​ (b)   to strengthen their national ​ (c)   .

• monarchs
• mercantilism
• economies
• peasants
• militaries

Mercantilists believed that a nation's real wealth was measured in its available (a)   , and that the way to increase that wealth was to ​ have more ​ (b)   than ​ (c)   .

• gold and silver
• exports
• imports
• military power
• businesses

Mercantilists saw ​ (a)   as existing for the benefit of the ​ (b)   by providing (c)   not available in Europe.

• colonies
• parent country
• raw materials and resources
• businesses
• investors

European countries (a)   ​ (b)   trade with their ​ (c)   .

• strictly
• controlled
• colonies
• loosely
• allowed
• allies

To get the most profit from their colonies, European​ ​ (a)   forbade their colonies from buying ​ (b)   from foreign countries and setting up their own ​ (c)   to ​ (d)   goods themselves.

• goods
• monarchs
• industries
• manufacture
• borrow
• mercantalists

Mercantilists urged rulers to to increase national wealth by exploiting ​ (a)   resources, building ​ (b)   , investing in new ​ (c)   , imposing national ​ (d)   , and establishing standard ​ (e)   .

• mineral and timber
• roads
• industries
• currencies
• weights and measures
• human
• castles
• technology
• writing systems

To maximize wealth due to increased exports, governments sold ​ (a)   to large producers in certain industries. To decrease imports, governments imposed ​ (b)   , which are ​ (c)   on ​ (d)   made in foreign countries.

• monopolies
• tariffs
• taxes
• goods
• inflation
• payments

European societies were divided into ​ (a)   classes. It would take ​ (b)   to change European society.

• social
• centuries
• several years
• noble

​ (a)   were hurt by the ​ (b)   ​ revolution because their wealth was tied to ​ (c)   , not ​ (d)   .

• nobles
• price
• land
• business
• peasants
• American

Merchants and ​ (a)   workers benefitted from economic changes, but ​ (b)   laborers and those who ​ (c)   the middle and upper classes did not.

• skilled
• hired
• served
• obeyed