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
The correct answer for this question is "d. It made westerners feel obligated to improve the human species." The Industrial Revolution encourage imperialism and it made westerners feel obligated to improve the human species. It is considered as a big responsibility of the westerners.<span>
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Answer: the best description of Japan during 1930's was military agression
Explanation:
In 1930's Manchuria became a Japanese province as Korea in 1931. Militarists were influential in that Japan.
Rockefeller used the size of his company Standard Oil to negotiate preferential rates with railroad companies to transfer his oil in the refinement process. By gaining the upper hand in transportation costs, he was able to horizontally integrate his competitors into his firm working to establish a monopoly in the American oil industry.
