Understanding Mercantilism

What is mercantilism primarily concerned with?

• Cultural systems

• Social systems

• Economic systems

• Political systems

What event marked the beginning of European exploration in the Americas?

• The French Revolution

• The signing of the Magna Carta

• The fall of Constantinople

• Columbus landing in America

How did European countries benefit from their colonies under mercantilism?

• By establishing independent governments

• By collecting raw materials and selling manufactured goods

• By promoting cultural exchanges

• By allowing free trade with other countries

What was a key rule for colonies under the mercantilist system?

• They were allowed to establish their own trade policies

• They could trade with neighboring colonies

• They could only trade with their mother country

• They could trade freely with any country

What was one of the major economic impacts of mercantilism?

• The rise of Asia as a dominant power

• The decline of European power

• The isolation of European countries

• Europe becoming the dominant global power

Which religion spread globally as a result of mercantilism?

• Christianity

• Hinduism

• Islam

• Buddhism

What was a significant political/government change due to mercantilism?

• The rise of communism

• The decline of democracy

• The adoption of European legal systems globally

• The establishment of monarchies worldwide

What led to the decline of mercantilism after World War II?

• The rise of new empires

• The independence of colonies

• The discovery of new continents

• The increase in global trade

What economic principle is illustrated in the image below?

• Captialism

• Feudalism

• Socialism

• Mercantilism