History, 19.07.2019 05:00, ousvp21

Mercantilism was good for the british because they could get their good and raw material and it back to the colonies

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Mercantilism was good for the British because they could get their good and raw material and sell it back to the colonies.

Not everyone agreed that mercantilism was good for the home country, incidentally. Economic theorist Adam Smith criticized what he called the "mercantile system" because it restricted trade and thus restricted economic growth. The mercantile system believed the wealth of the world was a fixed amount, measured primarily in gold and silver accumulated. The system promoted a nation selling its products abroad but not needing to buy from others, or imposing heavy tariffs if importing anything. And as your question pointed out, it used colonies as sources of raw materials and clients for finished goods. Commerce was heavily controlled by the government through charters granted to specific trading companies.
Smith countered mercantilist ideas by advocating a free market -- the opportunity for all nations to increase their wealth by exchanging goods freely with one another according to what would become known as capitalist principles.

answered: Guest

pepin the short[a] (german: pippin der kurze, french: pépin le bref, c. 714 – 24 september 768) was the king of the franks from 751 until his death. he was the first of the carolingians to become king.[b][2]

the younger son of the frankish prince charles martel and his wife rotrude, pepin's upbringing was distinguished by the ecclesiastical education he had received from the monks of st. denis. succeeding his father as the mayor of the palace in 741, pepin reigned over francia jointly with his elder brother carloman. pepin ruled in neustria, burgundy, and provence, while his brother carloman established himself in austrasia, alemannia and thuringia. the brothers were active in suppressing revolts led by the bavarians, aquitanians, saxons, and the alemanni in the early years of their reign. in 743, they ended the frankish interregnum by choosing childeric iii, who was to be the last merovingian monarch, as figurehead king of the franks.

answered: Guest

sadi to be the richest man ever with a net worth of 500b or half a trillion there is also a story i heard if you wanna know

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Mercantilism was good for the british because they could get their good and raw material and it bac...