What Is Mercantilism

What is mercantilism? According to the definition in the America Past and Present archives book is an economic theory that shaped imperial policy position turn up the compound period, mercantilism was built on the assumption that the knowledge bases wealth was a fixed supply. In order to ontogenesis its wealth, a nation needed to export more goods than it imported. Favorable throw 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 position policy makers assumed they established a well-integrated set of concepts close to the nature of international commerce and a carefully planned out set of mercantilist government policies to implement them. However, they altogether were interested in resoluteness their own problems. Since there wasnt laws or anything to regulate these groups their needs tone down to the rise of the English commercial regulations.The Navigati on Act was passed in 1660 which state that no ship could trade in the colonies unless it had been constructed in either England or America and carried a crew that was at least 75% English and that certain enumerated goods of great 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 jurisprudence tightened enforcement procedures putting 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 afterwards prove false.