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Mercantilism: A Principle Of Trade During The 1800s

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Mercantilism is a principle of trade during the 1500s to the 1800s. It was designed, through a favorable balance of trade, to guarantee the prosperity of the British empire. The ideas was to export products and services Mercantilists advocated possession of colonies as places where the mother country could acquire raw materials not available at home.

England thought that if they could help itself and keep its citizens occupied, producing items found in other lands, they could be selling greater amount goods abroad than imported items. Mercantilism benefited the mother country, while it prevented the progress of the colonies. In other words, it had favored manufacturers and the ruling government. The ultimate goal for mercantilism was not
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