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mercantilism - Coggle Diagram
mercantilism
tariffs
attacks on imports
taxing more on goods
great way to encourge for citizens to not buy abroad
english forbid american colonies from buying tea from other european powers
boston tea party
anit mercantilist
replaced by captialism
free trade
monarchies want to steal the raw material
spain had a lot of sliver
lucky spain
other countires pondered how to get gold and silver
get gold and silver through trade
eurpoean states had colonies
sugar and tabacco
france
sell cloth
spain
sugar
sell more stuff from your rivals
buy from rivals
rivals have to make it up with specie
get gold and silver
turned into political power
south america
lots of silver
forced labor by spanish to draw it out
ship aroudn the world
can't go to the carribean
robbed by pirates
robbed the spanish a lot for silver
based of currency specie silver and gold
order economy and compete with their rivals
favorable balance of trade
gold silver means more military strength
many countries trade coffee, get gold (coffee is an example)