What Is Mercantilism

What is mercantilism? According to the definition in the America Past and Present history book is an economic scheme that shaped imperial policy judgement let on the colonial period, mercantilism was built on the conjecture that the worlds wealth was a fixed supply. In order to increase its wealth, a land needed to export more goods than it imported. Favorable trade and protective economic policies, as well as new colonial possessions rich in raw materials, were important in achieving this balance.During the reign of Charles II incline policy makers assumed they established a well-integrated set of concepts about the nature of international commerce and a carefully planned out set of mercantilist government policies to implement them. However, they only were interested in closure their own problems. Since there wasnt laws or anything to regulate these groups their needs lead to the rise of the English mercenary regulations.The Navigation Act was passed in 1660 which stated t hat no ship could trade in the colonies unless it had been constructed in every England or America and carried a crew that was at least 75% English and that certain enumerated goods of striking value that were not produced in England could be transported from the colonies only to an English or another colonial port.Thru out the years more and more regulations were set the last major legislation came in 1696. This statute tightened enforcement procedures putt pressure specifically on the colonial governors to keep Englands competitors out of American ports. American colonials thought they were in unity with England that would later prove false.