Mercantilism. Develop an aim for today’s lesson Aim Was Mercantilism an economic system rooted in equality between empires? Homework: Read chapter 16.

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Presentation transcript:

Mercantilism

Develop an aim for today’s lesson

Aim Was Mercantilism an economic system rooted in equality between empires? Homework: Read chapter 16 section 5; complete questions and submit to turnitin.com by 8am Monday morning

PQ1 What is mercantilism?

Philipp Wilhelm von Hornick His book: Austria Over All if Only She Will Clear example of Mercantilism theory

"(1) To inspect the country's soil with the greatest care, and not to leave the agricultural possibilities of a single corner or clod of earth unconsidered... (2) All commodities found in a country, which cannot be used in their natural state, should be worked up within the country... (3) Attention should be given to the population, that it may be as large as the country can support

... (4) gold and silver once in the country are under no circumstances to be taken out for any purpose... (5) The inhabitants should make every effort to get along with their domestic products... (6) [Foreign commodities] should be obtained not for gold or silver, but in exchange for other domestic wares...

(7)...and should be imported in unfinished form, and worked up within the country... (8) Opportunities should be sought night and day for selling the country's superfluous goods to these foreigners in manufactured form... (9) No importation should be allowed under any circumstances of which there is a sufficient supply of suitable quality at home."

Fray Model Concept Map Please complete the Fray Model concept map for Mercantilism and add to your notes

PQ2: What is the role of colonies in a Mercantile system?

Exit Card Was Mercantilism an economic system rooted in equality between empires?