Name: _________________________________________ Date: _______________ Core: _______________ #: __________

Start of Mercantilism

- Primary reason behind the European desire to conquer new lands.

- There is a certain amount of wealth in the world, and it’s in a nation’s best interest to get as much as possible. The more gold and silver you had, the more powerful you were!

Imports & Exports

The same good can be an export and an import. For example, let’s say North Carolina is selling our apples to South Carolina. South Carolina is selling their peaches to us.

NC export = SC export =

NC import = SC import =

Step-by-Step Mercantilism

1. First you had to ______________ more than you ________________.

2. Second, build ______________. They will give you _________________________ and products that

you don’t have so you can _____________ them and provide a market for the finished

products.

3. Third, keep ___________________________ out of your country with high ___________, or taxes.

4. Fourth, ________________________________ by preventing colonies from trading with other

nations. Colonies can only trade with their __________________________.

Who “wins”?

- Mercantilism benefits the _____________________________.

- ________________________ could not sell their raw materials to anyone other than the mother

country.

- Colonists were not allowed to _________________ or produce finished goods in the colonies;

this was all done in Europe so … _________________________________ win!

Hungry Hungry Hippos Analogy

Hippos = Marbles =