COLONIALISM AND IMPERIALISM
COLONIALISM AND ITS ANALYSIS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
All men are created equal
|
|
|
Slavery was morally wrong
|
|
|
the best way to achieve wealth is through trade
|
|
|
All of a nation’s power is derived from their wealth
|
Detailed explanation-1: -Mercantilism was based on the idea that a nation’s wealth and power were best served by increasing exports and reducing imports. It’s characterized by the belief that global wealth was static and that a nation’s economic health relied heavily on its supply of capital.
Detailed explanation-2: -Mercantilists argue that a nation’s wealth is tied to its stocks of money, particularly the acquisition of precious metals. By this logic, any money leaving a country-including money traded for imports-means a loss of national wealth. As a result, mercantilists advocate for protectionist trade policies.
Detailed explanation-3: -Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver).
Detailed explanation-4: -The theory of mercantilism (shown above) held that a country’s power depended mainly on its wealth. Wealth, after all, allowed nations to build strong navies and purchase vital goods. As a result, the goal of every nation became the attainment of as much wealth as possible.