H4. Mercantilism is an economic system which limits imports from other countries and maximizes exports to other countries. This would guarantee that more money would would come in than would go out. Another aspect of Mercantilism is to use colonies to supply raw materials at a very low cost to the Mother Country who, in turn could use the materials to produce products to sell to the world. In theory, Mercantilism is a good idea. However, obvious problems occur. Sometimes items from other countries are cheaper. Also, the colonies might want more of the money being made by the Mother Country. | H4. Mercantilism is an economic system which limits imports from other countries and maximizes exports to other countries. This would guarantee that more money would would come in than would go out. Another aspect of Mercantilism is to use colonies to supply raw materials at a very low cost to the Mother Country who, in turn could use the materials to produce products to sell to the world. In theory, Mercantilism is a good idea. However, obvious problems occur. Sometimes items from other countries are cheaper. Also, the colonies might want more of the money being made by the Mother Country. |