Purchase Solution

On Mercantilism and Colonial Interests

Not what you're looking for?

Ask Custom Question

Was mercantilism mutually beneficial to the mother country and to the colonies? Under what circumstances might their interests diverge?

Purchase this Solution
Solution Summary

The solution is a 749-word narrative that discusses the role of mercantilism in colonial economy looking at the shared interests of both the colonies and the mother country. Instances that would diverge said interests are also discussed. references are listed for expansion. A word version of the solution is attached for easy printing.

Solution Preview

Dear Student,
Hi.The solution below should get you started; it is a tutorial narrative that explores the problem posted above. You can also use the listed references for further studies. Good luck and thank you for using Brainmass.

Sincerely,
OTA 105878/Xenia Jones
---------------------------------------------------

Mercantilism and the Colonies

Mercantilism is the established theory or principle of trade during the period of European Global colonialization from the 1500's to the 1800's. The idea, at least from a national perspective is to export goods, services and products beyond the volume of what is imported. Additionally, the purpose is to accumulate gold bullions, the pillar of wealth-creation. While farming was essential and agricultural goods heavily traded, products from factories that are handmade is far more favoured for in most cases, specialized products like crystal, glass, furniture, spices, jewellery, porcelain, textile, china and silverware fetch more than agricultural produce that can be sourced easily, requiring ordinary, non-specialized labour to produce. Mercantilism as a national enterprise was all about competing for resources and markets with other nations. The monarchy/government is enriched by the taxation levied upon ...

Solution provided by:
Xenia Rochelle Jones, MA, PhD (IP)
Education
  • MPhil/PhD (IP), Open University, Milton Keynes, UK
  • MA, Open University, Milton Keynes, UK
  • Certificate, Geva Ulpan (via Universita Tel Aviv)
  • BA, University of the Philippines
Recent Feedback
  • "Thank you!:)"
  • "Excellent, thank you!:)"
  • "Thank you for your timely help. I have submitted another posting (656038) and assigned it directly to you. Please help."
  • "Thank you so much for your timely help. Much appreciated."
  • "Thanks so much for your support."
Purchase this Solution
Free BrainMass Quizzes
German Wars of Unification

A short quiz to determine the student's knowledge of events and figures associated with the mid 19th Century German Wars of Unification

America Fighting for Good - World War II : 1940 - 1945

The quiz will test your knowledge of America and its role in World War II - how it avoided the war, got involved and emerged as a world power and forever losing its isolationist policy.

The Transatlantic Slave Trade

Basic quiz about the Transatlantic Slave Trade.

US World History Test I

Discusses the events that happen during the 15th through the 19th Century.

United States History - America, The New Nation

This quiz will cover the establishment of America including the sources of the American Revolution, British policies and mercantilism and the establishment of the United States.

View More Free Quizzes
Related BrainMass Solutions

  • Q &A: US Business History

    Modern characteristics of the colonial economy that paved way for what is now rooted American economic cultural behavior has structural, psychological and economic effects on how then Colonial America shaped itself.

  • The Evolution of Business

    Mercantilism: Mercantilism evolved later from feudalism, indicating that the prosperity of the country would depend on the injection of new resources in terms if capital from other nations, either by legitimate trade or colonial usurping.

  • Popular democracy

    As you discuss the features of colonial politics that contributed to the development of popular democracy, this topic is vast and covers many years.

  • The Causes of the American Revolution

    Colonists claimed these measures hindered colonial trade and raised the cost of consumer articles. From the colonial viewpoint, primarily merchants and manufacturers, Mother England was exploiting them.

  • How did the Europeans Conquer and Settle the New World

    mercantilism - the economic system that focused on increasing the power and wealth of nations through policies designed to accumulate riches, develop argiculture and manufacturing systems, and to establish foreign trading monopolies.

  • Lasting mark on the New World's development

    The thing that saved the British colonies was English Mercantilism. This, Mercantilism was a policy set by Britain on its colonies in the later part of the 1600s.

  • American position within the mercantilism system

    This solution of 455 words summarizes the American position within the mercantilism system and contextualizes the pre Revolution ideologies.

  • Main events Samuel Adams had to do with prior

    I also need to know what those themes and and concepts considered, what the generalizations about the American Colonial and National society considered and some examples.

  • changes in England affected the development of the American colonies

    They also changed the nature of colonial government-some started out with a independent charter and others changed to a royal charter depending on changes in government.

View More Related Solutions