1. mercantilism
I believe that mercantilism is a theory that has a lot of good ideas behind it which can help a nation with their economic wealth but may be unfair to other countries. ... The Spanish used devices to protect their monopoly in the New World. They prohibited foreign ships form entering Spanish colonial ports. This help Spaniards to profit on all European goods going to their colonies since the goods has to go through Spain. The New World colonies were designed to be economically complementary to Spain but economic health of the colonies always came in second to Spain. ...
- Word Count: 765
- Approx Pages: 3
- Grade Level: High School