Mercantilism
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Two requirements of Mercantilism
1) export more than import 2) to gain as much gold & silver bullion as possible
Who could colonies trade with?
Only with the mother country, which encouraged smuggling for increased profit
In order to gain more bullion,
it must be taken from other countries because of limited resources
Goal of Colonies
provide a market & natural resources to the mother country
Mercantilism
underlying economic theory of the 18th century