Mercantilism
- Mercantilism was an economic policy
- Countries powers depended on wealth
- Goal to get as much wealth as possible
- According to the theory was mercantilism, two ways to gain power and wealth
- One was to get as much silver and gold as possible
- Second was to build a favorable balance of trade
- Balance of trade- when a nation sold more goods than bought
- The goal of this was so that they did not depend on other countries for goods
- Economic changes came throughout Europe
- Mercantilism helped the creation of national identity
- Even with all this happening, most of Europe was poor