1.1A: Mercantilism

1.1A: Mercantilism

Published on 10 August 2020

Explains the concept of Mercantilism

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Transcript
00:00
Mercantilism
00:00
Mercantilism
00:06
European countries wanted to Gain as much money as Possible 
00:12
The country with the most money can buy the best armies.
00:17
more money = more power
00:21
Hmm...How can we get more money?
00:26
colonies!
00:29
Colonies produce raw materials,
00:39
To ship to Europe,
00:43
who turns Them into manufacturedgoods
00:53
To sell  back to thecolonies.
01:02
who turns Them into manufacturedgoods
01:02
 to ship to Europe,
01:02
Colonies produce raw materials
01:11
Colonies Exist
01:14
As producers of raw materials
01:17
And as markets for manufactured goods
01:21
To create wealth for the mother country
01:27
Mercantilism
01:27
Mercantilism