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American History 2008 Homework One Answers - Model (view source)
Revision as of 15:16, September 13, 2008
, 15:16, September 13, 2008improving model answers
H4. Mercantilism can be briefly described as a system in which a mother country restricts imports and maximizes exports. The mother country would import raw materials from its colony, and would then produce finished products at minimal cost. Then they would sell the products to other countries it traded with, and even back to the original colony. My view of mercantilism is that it was essentially a very good idea, created by someone who had a head for good business and knew how to make money. However, to me the mother country is exploiting the colony by taking the raw materials for so little and then selling the finished product for a good percentage more. (Katie B.)
H4. Mercantilism can be briefly described as a system in which a mother country restricts imports and maximizes exports. The mother country would import raw materials from its colony, and would then produce finished products at minimal cost. Then they would sell the products to other countries it traded with, and even back to the original colony. My view of mercantilism is that it was essentially a very good idea, created by someone who had a head for good business and knew how to make money. However, to me the mother country is exploiting the colony by taking the raw materials for so little and then selling the finished product for a good percentage more. (Katie B.)
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. (Nick DeJ.)