Those who may say that during the late early and mid 1700's, "Mercantilism was actually more favorable to the colonies than to Great Britain" are wrong and deserve a lesson in history. It is almost a assured fact that the English colonies in North America were created for the sole benefit of their mother country and that if there were no benefits of natural resources and expansion of an ... other nations which might have bought or sold goods at a better and more profitable price. Mercantilism meant that the colonies had a greater export than import. This doomed the colonies by forcing them t...

• Word Count: 384
• Approx Pages: 2
• Grade Level: Undergraduate

Mercantilism, the theory and system of political economy prevailing in Europe after the decline of feudalism, based on national policies of accumulating bullion, establishing colonies and a merchant marine, and developing industry and mining to attain a favorable balance of trade, as defined by The American Heritage ® Dictionary of the English Language, was supposed to be a way for Britain to make itself more powerful and prevalent, but instead ... benefited the colonies more than it did the Royal Crown. Britain originally created ... ...

• Word Count: 498
• Approx Pages: 2
• Grade Level: Undergraduate