ipl-logo

Were The Negative Effects Of Mercantilism On The Colonies And Their Economic Freedom?

237 Words1 Pages
During the age of exploration when many European countries were traveling and exploring the world, the theory of Mercantilism became popular. Mercantilism restricted trade and wanted more exports than imports. Mercantilism had many negative effects on the colonies and their economic freedom. It made it difficult to trade and made materials very expensive to get. Mercantilism was overall very negative to the colonies with the imbalanced system of trade.

In Mercantilism the trade was very restricted. They did not have a free market, and were not able to buy from anywhere they wanted. It restricted who you can trade with and the amount you can trade, this made trading very hard to do. Mercantilism believed that getting more exports than imports
Open Document