**Mercantilism: An Overview**1. **Understanding Mercantilism** - What is mercantilism? - A system where a country seeks to amass wealth through trade with other countries, exporting more than it imports.2. **Colonial Economics** - What would the Spanish, French, and British colonists do with the goods they produced? - Typically, colonies exported raw materials to their mother countries and imported manufactured goods.3. **Benefits and Drawbacks of Mercantilism** - What were the benefits of mercantilism? - Boosted national economies, increased wealth, and strengthened military power. - Discuss the negative effects of mercantilism for Native Americans and enslaved Africans. - Displacement of Native peoples, exploitation, and harsh conditions for enslaved people who contributed labor without rights or compensation. **Note:** - The text does not contain any graphs or diagrams.

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What is mercantilism? benefits and drawbacks of mercantilism? Africans. What would the Sp, Fr and Br colonists do with effects Discuss the negative the goods they produced? What were the for Native Americans and enslaved of mercantilism

What is mercantilism? benefits and drawbacks of mercantilism? Africans. What would the Sp, Fr and Br colonists do with effects Discuss the negative the goods they produced? What were the for Native Americans and enslaved of mercantilism

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

**Mercantilism: An Overview**

1. **Understanding Mercantilism**
- What is mercantilism?
- A system where a country seeks to amass wealth through trade with other countries, exporting more than it imports.

2. **Colonial Economics**
- What would the Spanish, French, and British colonists do with the goods they produced?
- Typically, colonies exported raw materials to their mother countries and imported manufactured goods.

3. **Benefits and Drawbacks of Mercantilism**
- What were the benefits of mercantilism?
- Boosted national economies, increased wealth, and strengthened military power.
- Discuss the negative effects of mercantilism for Native Americans and enslaved Africans.
- Displacement of Native peoples, exploitation, and harsh conditions for enslaved people who contributed labor without rights or compensation.

**Note:**
- The text does not contain any graphs or diagrams.

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