MERCANTILISM

MERCANTILISM

Scarlette Ikay Mapalao Dumeg

GRADE 8 -A.P
 WHAT IS
MERCANTILISM?
MERCANTILISM

mercantilism is an old economic system

where countries believed that the key
to being wealthy and powerful was to
export more than they import.

They focused on accumulating precious

metals like gold and silver, and they
used various strategies like imposing
tariffs and subsidies to protect their
own industries.

The idea was to boost their economy

and strengthen their position in the
world. However, this approach has been
criticized because it can limit trade and
hinder economic growth.
 History
Mercantilism was an economic theory
and practice that dominated European ADD YOUR TEXT HERE
trade and economic policies from the
16th to the 18th centuries. It originated
in Europe during theADDAge of Discovery
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when European countries were
establishing colonies and expanding
their overseas trade.
IMPORT EXPORT
During this time, mercantilism emphasized
the idea that a nation's wealth and power
were determined by its accumulation of
precious metals, such as gold and silver. The
main goal of mercantilist policies was to
maintain a favorable balance of trade,
where a country exported more goods than
it imported.
 GOALS OF
MERCANTILISM
• The goals of mercantilism were to
accumulate wealth, maintain a
favorable balance of trade, promote
economic self-sufficiency, establish
colonies, and build a strong military.
 EFFECTS OF
MERCANTILISM
POSITIVE NEGATIVE

Mercantilism had positive effects The negative effects of mercantilism

such as economic development, include the exploitation of colonies, trade

colonization and global trade, wars and conflicts, inefficient allocation

infrastructure development, of resources, limited economic growth,

technological advancements, and and inequality in trade relationships.

national security.
 END OF
MERCANTILISM
•Mercantilism ended due to the rise of new
economic ideas promoting free trade, the
Industrial Revolution, the independence
movements of colonies, globalization, and the
emergence of capitalism. These factors
challenged the principles of mercantilism and
led to its decline.
THANK YOU
THANkS