1. Independence Movements of America and Latin America
Both the United States and Latin America wanted to end the rule of a mother country whose mercantilist system impeded the development of a growing colonial economy. ... The British Empire of which George III became sovereign in 1760 was shaped largely by the principles of mercantilism. ... Thus the economic autonomy allowed the Indies under the Hapsburgs was threatened by an artificial economic exchange with the mother country imposed by an interventionist state" "(Williamson 199). In addition to restriction of manufacturing, the Bourbons monopolized transatlantic trade, allowing free trade u...
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- Grade Level: Undergraduate