Problemas

Directions: Complete the following questions after having learned about mercantilism. 1. According to the reading.what four European nations competed in intense economic and exploration based rivalies? 2. Explain how competition for land (or colonies) in the New World was an economic competition between the European nations? 3. Write a definition for mercantilism in your own words. 4. Draw a diagram in the space below that shows how mercantilism worked.

Solución

Antonioprofessionell · Tutor durante 6 años

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4.6 (198 votos)

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1. The four European nations that competed in intense economic and exploration rivalries were Spain, Portugal, England, and France. 2. Competition for land (or colonies) in the New World was an economic competition between the European nations because control over these lands meant access to valuable resources and trade routes. This would lead to economic prosperity and increased power on the global stage. 3. Mercantilism is an economic theory that advocates for a positive balance of trade for a country through the imposition of tariffs on imported goods and the promotion of exported goods. This would lead to an accumulation of gold and silver, which were seen as the main indicators of a nation's wealth. 4. The diagram would show a country exporting raw materials to a factory, where they are turned into finished goods. These goods are then exported, bringing in gold and silver. This process is repeated, leading to an accumulation of wealth in the form of gold and silver.

Explicar

## Step 1 The first question asks for the four European nations that competed in intense economic and exploration rivalries. This is a factual question that requires knowledge of the historical context of mercantilism. ## Step 2 The second question asks for an explanation of how competition for land (or colonies) in the New World was an economic competition between the European nations. This question requires an understanding of the economic implications of colonization and the motivations behind it. ## Step 3 The third question asks for a definition of mercantilism in your own words. This question requires a deep understanding of the concept of mercantilism and the ability to articulate it in a way that is clear and concise. ## Step 4 The fourth question asks for a diagram that shows how mercantilism worked. This question requires a visual understanding of the economic system of mercantilism and the ability to represent it graphically.

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