1. Knowledge Connections
Vocabulary 
Balance of Trade
Tariff
Term
Definition
Knowledge Connections
Picture

2. What was goal of mercantilism?
Essential Question
What was goal of mercantilism?

3. Money Power What was mercantilism? MERCANTILISM =
Economic theory of how a nation can become wealthy
Money
Power =
Goal: Build up as much wealth as you can!!!

4. How did a nation follow mercantilism?
The theory of Mercantilism offered a step by step plan for a government to follow

5. What was step one of mercantilism?
How To Make A Rich and Powerful Nation Step #1
EXPORT more than IMPORT
What you sell to other countries
What you buy from other countries
Goal: Have more money coming in than going out = favorable BALANCE OF TRADE

6. Places to sell items made in your country
What was step two of mercantilism?
How To Make A Rich and Powerful Nation Step #2
Build Colonies
Colonies provide:
Easy access to cash crops
Places to sell items made in your country

7. What was step three of mercantilism?
How To Make A Rich and Powerful Nation Step #3
Taxes on outside goods
High TARIFFS
Problem: people are buying goods from other countries
Solution: Charge them more money to buy foreign goods

8. What was step four of mercantilism?
How To Make A Rich and Powerful Nation Step #4
Increase exports
Don't’ let your colonies trade with other countries
They either buy an item from you or they don’t buy it at all!

9. What was goal of mercantilism?
Essential Question
What was goal of mercantilism?

10. MERCANTILISM BALANCE OF TRADE BUILD COLONIES TRADE w/ COLONIES
HIGH TARIFFS