Mercantilism Definition Us History

Mercantilism Definition Us History. Mercantilism, which existed primarily during the 16th through 18th centuries in europe, was an economic system founded on the belief that the government should encourage trade as a means to generate wealth for the country. Mercantilism was intended to benefit european powers, but it was not wholly disadvantageous to the colonies.

Mercantilism is one of the most influential economic doctrines in the history of economics; It promotes imperialism, tariffs and subsidies on traded goods to achieve that goal. Historyplex helps us understand what mercantilism is, with the help of its definition, history, and significance.

The basis of mercantilism was the notion that national wealth is measured by the amount of gold and silver a nation possesses.

Terms in this set (9) mercantilism. Mercantilism definition, mercantile practices or spirit; We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. Terms in this set (9) mercantilism.