The Effects of Mercantilism Economic System
GED 232 Early U.S. History unit 1
essay topic: Analyze the effects of the mercantilist economic system. who benefited, who was hurt, and why?
-350-500 words
-in your own words
-apa citation/ reference if needed
– essay format (intro, body, conclusion)
-please proofread for grammar and spelling
textbook: The American Journey: A History of the United States, Volume 1
Goldfield, Abbott, Anderson, Argersinger, Barney, 2014
Pearson
Answer preview
Mercantilism had several positive and negative effects on different countries. Mercantilism operated under the belief that it was more profitable for countries to export rather than import goods. The system was mostly used by European countries like England and the United Kingdom, which brought them much wealth.
The Effects of Mercantilism Economic System
The economic benefits of mercantilism are among its most prominent effects. Some countries increased economically by using tariffs to limit importation and maximize exportation. Additionally, the economic system also led to the expansion of military power for some of the countries, especially those in Europe. The system was characterized by much war and military struggles as countries tried to get an advantage over the other (Goldfield, & Goldfield, 2014). The common belief was that a country’s…
(450 words)