Mercantilism+in+17th+century

Riley Shamloufard

Mercantilism in europe

Paragraph 1 Intro
 * Europe recoverying from a small depression
 * Worsening climate conditions "little ice age"
 * Some population decline

Paragraph 2 start of mercantilism ideas Paragraph 3 Trade and Colonies Paragraph 4 Impacts of Mercantilism
 * Colbert French practioner of mercantilism
 * Prosperity of a nation depends on supply of wealth
 * Balances of trade goods exported with greater cost then imported
 * Governments protect encouragies trade monoplies
 * Improving transportation for trade
 * Some government intervention needed for sake of nation
 * Mercantilists theory on colonies
 * Europe begins oversea expansions
 * Competition of trade
 * Dutch East India Company formed consolidate gains from Portuguese and exploit riches of east.
 * Dutch West India Company competive with Spanish and Portuguese trading
 * Colonies made to stimulate nation wealth
 * Higher taxes on imported goods from foreign countries
 * Anti Mercantilist thought Adam Smith and David Hume
 * John Locke sees many flawed ideas in mercantilism (18th century)
 * Wealth of nations Smith argues against Mercantilist ideas
 * Refutes that both nations can benefit from trade not just one
 * Mercantilism evolving into a comparative advantage, where two nations benefit

Paragraph 5 Conclusion Outside Sources [] []
 * Reasons for Mercantilism
 * Ideas of Mercantilism
 * Latter impacts of Mercantilism