2. 1. Understand what mercantilism is and how it
worked.
2. Describe the relationship between a mother
country and its colonies.
3. Theory of Mercantilism:
– A country should try to get and keep as much bullion (gold
and silver) as possible in order become more powerful.
1. The Colonies should be a source of resources
that are sold back to mother country.
2. Resources are made into manufactured goods
and sold back to the colonies.
18. The strength of a European nation depended on
how well they practiced mercantilism.
19.
20.
21.
22.
23. European countries that
were economically
successful with colonies,
became very powerful
militarily.
Think about who is on
top in today’s world….
24. Resources Mother Country
buys resources from
the colonists.
The Mother Country
creates manufactured
goods.
Colonists buy the
goods.
Slaves = Free Labor
£2£2
£4£4
The Mother
Country makes a
profit.
£2£2
The Mother
Country uses the
profit to purchase
weapons.
The larger the profit
the more weapons.
25. Armies are formed! Armies are used to acquire
more colonies!
More resources = more gold =
more guns = more power.