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11 Oct 2018
Mercantilism was an economic doctrine from 1500's through the 1700's that espoused strict control of international trade as a means to greater economic and political power. By decreasing imports and increasing exports, gold would flow into the country at the expense of trading partners, thus weakening economic opponents and strengthening the mother country. This doctrine is apparent in the relationship between Great Britain and the colonies of North America who were viewed as a source of raw materials and an additional market for manufactured goods. Do you think that elements of present day US foreign trade policy mimic mercantilism policy? Be sure to explain your point of view and give specific examples.
Mercantilism was an economic doctrine from 1500's through the 1700's that espoused strict control of international trade as a means to greater economic and political power. By decreasing imports and increasing exports, gold would flow into the country at the expense of trading partners, thus weakening economic opponents and strengthening the mother country. This doctrine is apparent in the relationship between Great Britain and the colonies of North America who were viewed as a source of raw materials and an additional market for manufactured goods. Do you think that elements of present day US foreign trade policy mimic mercantilism policy? Be sure to explain your point of view and give specific examples.
Collen VonLv2
14 Oct 2018
