As Europeans expanded their market reach into the colonial sphere, they devised a new economic policy to ensure the colonies’ profitability. The philosophy of mercantilism shaped European perceptions of wealth from the 1500s to the late 1700s. Mercantilism held that only a limited amount of wealth, as measured in gold and silver bullion, existed in the world. In order to gain power, nations had to amass wealth by mining these precious raw materials from their colonial possessions. Mercantilists did not believe in free trade, arguing instead that the nation should control trade to create wealth and to enhance state power. In this view, colonies existed to strengthen the colonizing nation.
Colonial mercantilism, a set of protectionist policies designed to benefit the colonizing nation, relied on several factors:
Colonies rich in raw materials
Cheap labor
Colonial loyalty to the home government
Control of the shipping trade
Under this system, the colonies sent their raw materials—harvested by enslaved people or native workers—to Europe. European industry then produced and sent finished materials—like textiles, tools, manufactured goods, and clothing—back to the colonies. Colonists were forbidden from trading with other countries.
Commodification quickly affected production in the New World. American silver, tobacco, and other items—which were used by native peoples for ritual purposes—became European commodities with monetary value. Before the arrival of the Spanish, for example, the Inca people of the Andes consumed chicha, a corn beer, for ritual purposes only. When the Spanish discovered chicha, they bought and traded for it, detracting from its spiritual significance for market gain. This process disrupted native economies and spurred early commercial capitalism.
No, it hurt small businesses and companies.
Both left and right were discontent with this program.
Answer:
President Bush's reasons for going to war proved false
Explanation:
The main reason for the invasion of Iraq was the alleged development and usage of bio-chemical weapons by this Middle Eastern country. Representatives from the UN were sent to investigate it, but it turned out that the allegations were false, and that Iraq doesn't develop or have weapons of that type. The UN representatives though were not let to say what they find out and saw, and mysteriously they all died in very controversial accidents in the coming months. Bush's administration though had already set its sights on Iraq and invading it, so despite the allegations being false they attacked it, invaded it, killed their leader, and got hold onto their natural resources.
Development of agriculture was a turning point in the development of humans. This was because with crops there was less need to hunt. This gave more time to develop society. <span />
