3 sentences with 'mercantilism'
Example sentences and phrases with the word mercantilism and other words derived from it.
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The economic philosophy of mercantilism shaped European perceptions of wealth from the 16th to the late 17th century.
Colonial mercantilism, which was basically a set of protectionist policies designed to benefit the nation, was based on several factors: colonies rich in raw materials, cheap labour, colonial loyalty to the local government and control of maritime trade.
Taken together, this concept was called mercantilism: an economic system consisting of a royal government controlling the colonies abroad and overseeing property at home. The ultimate example of this system was the largest owner of the bullion-producing colonies: Spain.
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