Mercantilism-
Mercantilism is an economic structure that has to do with commerce wealth. The ideal Mercantilist economy had tight control over the trade of that country, and they were supposed to export more than they imported.
Balance of Power-
The balance of power was the belief that there shouldn't be one country with all the power. The balance of power sought to keep all countries from uniting under one crown, and also tried to maintain the equality of power between countries.
Middle Passage-
The Middle Passage was a part of the transatlantic slave trade. It was the part of the cycle when slaves were transported from Africa to the Americas, and it was a grueling journey in which many of the slaves died even though they were the healthiest of their people.
Can you be more precise in your definition of mercantilism:
ReplyDeletegovernment's tight control over the nation's economy
nation should be as self-sustaining as possible
nation should be exporting more than it is importing
government imposes tolls and tariffs on foreign imports to encourage manufacture in the nation
assumption that sources of wealth are finite