What were teh advantages and disvantages of Mercantilism

1 answer:

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The benefits of mercantilism include increased employment, the development of new technologies and products, and positive cultural exchanges as mercantilism nations seek new markets and raw material sources, whereas the disadvantages of the system include increased conflict between nations, growth in trade protectionism and the development of trade monopolies. The Library of Economics and Liberty defines mercantilism as a form of nationalism aimed at building a wealthy and powerful state.

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Before the United States Constitution, there was the Articles of Confederation. It was known for being very weak and giving little to no power to the federal government.

Under the Articles of Confederation, the federal government could not tax the states directly, draft soldiers, regulate trade, create and enforce laws properly, or even amend the Articles without the approval of the thirteen colonies. This led to division among the people, as some believed in the Articles of Confederation, while some wanted to change it.

Anti-Federalists supported the Articles of Confederation, they wanted a weak federal government and associated the government having power with British tyranny. Federalists opposed the Articles of Confederation, they wanted a strong federal government and felt as if having a strong government meant having a strong country.

Eventually, the Constitutional Convention of 1787 was called in order to amend the Articles. While this was the original goal, they actually ended up getting scrapped altogether. The United States Constitution was created instead, which gave power to the federal government.

The Anti-Federalists opposed the United States Constitution and felt like it was dangerous to give the government power. They demanded to have a Bill of Rights, in order to protect the citizen's rights and prevent the government from potentially abusing their power.

The Tenth Amendment was included to ensure that the government would not have too much power and that citizens still had power as well. This Amendment grants all of the powers that are not designated to go to the government, to go to the citizens and states.

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