Mercantilism

In the 17th century, what was the relationship between major European countries like Great Britain, Span, and France? (Mercantilism)

• They were in competition to become the most powerful country

• They were allies that worked closely together

• They had a trading agreement, but not a military alliance

In the 17th century, the way to become the most powerful country was to gain as much ​ (a)   as possible (Mercantilism)

• wealth
• territory
• knowledge
• influence

Mercantilism is an economic theory that states a country needs to reduce its ​ (a)   while expanding its ​​ (b)   (Mercantilism)

• imports
• exports
• debt
• spending

An ​ (a)   is a good that country buys from another country and an ​ (b)   is a good that a country sells to another country (Mercantilism)

• import
• export
• commerce
• deficit

THINK ABOUT IT (not directly in the reading): Why would a country want to EXPORT more than it IMPORTS? (Mercantilism)

What is a colony? (Mercantilism)

• a territory controlled by a foreign power.

• a form of government structure.

• a rare type of plant.

• a group of people living in isolation.

What is a "mother country?" (Mercantilism)

• a term for a country's capital city.

• a country that has no colonies.

• a country that creates and controls a colony

The "mother countries" in Europe used their colonies as sources of ​ (a)   (Mercantilism)

• wealth
• cultural exchange
• military resources
• scientific knowledge

How did the "Mother Countries" gain wealth from their colonies? (Mercantilism)

• By providing loans to the colonies
• By investing in local infrastructure
• By promoting local industries in the colonies
• By taking their resources and selling them

What were the THREE parts of the Trans-Atlantic Trade route? (Trans-Atlantic Trade)

• North American colonies

• Great Britain

• Africa

• Asia

• Mediterranean