AP European History / Unit 3: Absolutism and Constitutionalism
3.4 Economic Development and Mercantilism
Notes
Mercantilism: increase national wealth (gold) by exporting more than importing, using colonies and tariffs. Colbert promoted it in France. Navigation Acts in England.
Practice
Colbert, Louis XIV's minister, promoted:
Tariffs and industry.
Mercantilists wanted a country to:
Favorable balance.
Colonies under mercantilism provided:
Serving the mother country.
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