Mercantilism and Capitalism

European gov'ts tried to control trade because it would make them wealthy by ....

Who controlled trade under capitalism?

economy where production & buying & selling of goods are determined by private citizens.

Under mercantilism, European gov'ts tried to control trade because ...

The economic plan that moved Europe's economy from one of feudalism to one under capitalism.

Tax or fee placed on imports from foreign nations.

economic system where country's trade & industry are controlled by private citizens for profit.

True or False: Colonies provided cash crops, raw materials, and a place to sell the goods.

Under feudalism, what determined the wealth of a person?

Who controlled trade under mercantilism?

What was an action/step taken by European gov'ts to implement mercantilism?

trading across the world

Complete this sentence... International ____ and ____ expansion begins, which leads to ___.

Most trading under mercantilism was done through private ownership of business belonging to ..

European nation's created these to make sure the colonies only traded with the mother country.

Under capitalism, what determined the wealth of a person?

Tariffs on imports would discourage the buying of imports.  This __________ imports.

plan of European nations to become wealthy

When exports are greater than imports

person willing to risk his/her wealth in a business in hopes of making a profit.

European nations developed colonies in other parts of the world.

merchants and artisans

goods purchased from another country

Merchants and artisans made up this class.

___ (merchants & artisans) led to a ___ (people buying & selling goods) & the beginning of ___.

Which of the following is the correct order of the economic systems?

Goods sold to other nations.