MERCANTILISM!!! The economic policy that will be utilized by STRONG centralized governments. These governments are often identified as being "new monarchy's", "colonial powers" and "conservative." What we get w the concept of mercantilism relates to trade. Goods, resources, products from the colonies MAY NOT be traded or sold before they are sent back to the mother country. The goal for mercantilism is to enrich the Mother Country. The mother country may then decide if they want to sell the goods or resources to ANOTHER country. The concepts implies that resources are limited. That accumulation of resources(often times GOLD and SILVER called Bullionism) will help the Mother country survive. NEVER export GOLD or silver to another country. The mother country needs it!! (Bullionism)

 

************Long story boring, the economic policy of Mercantilism is the OPPOSITE of free trade. Their are restrictions to whom countries can trade to or there are what are known as "tariffs." our country first. We don't care about other countries. Any of them. 

 

As we move on this years we will introduce what are known as "classical liberal" ideas. Many of these will refer to economics, trade.  ONE********example of the elimination of TARIFFS and the beginning of what we will call FREE TRADE(countries can trade w whomever they wish w no tariffs. It will lower prices which is GOOD!!! It may seem bad but the cheaper something is the more folks' who will be able to buy it!) is the Hanseatic League!----These league was made of of Germanic States in the WAY up North of Europe. Remember, there is NO Germany. This league will eliminate tariffs between each state. This is good! It'll lower costs of things. It will also be the first step in people in the germanic states identifying with a "Germany" MIGHT be! 

 

Review----Mercantilism, trade is restricted. Feed the mother country. Hanseatic League-----an example of FREE TRADE AND****"German Unity"