Mercantilism (jan 1, 1500 – jan 1, 1700)
Description:
-Econ Policies- to expand and control the economy
- Claim overseas territories
- Goal: Promote wealth (profit)
- Enforce trade restrictions
- Manufacture in the Mother country
- Raw resources in colonies
=> IMPACTS
- competition for colonies
- laws to restrict trade
* Favorable balance of trade (export more than you import)
Added to timeline:
Date:
jan 1, 1500
jan 1, 1700
~ 200 years