pros and cons


Question by  Nekka1 (27)

What are some pros of Great Britain's mercantilism?

Just some good points.


Answer by  whitekeys (112)

Arguably, this led to the prosperity of the British Empire for years. They had lots of wealth and influence and military power as well. Of course, the exploitation of land and people is hard to ignore, despite the fact that you only asked for good points. Rich is good, but at what cost?


Answer by  Latin4 (11170)

Mercantilism has been around since Colonial days. Some agree that keeping the capital in the nation is good, but it has been proven that spreading the capital among other countries is a more effecient way of doing business.


Answer by  tamarawilhite (17883)

By requiring an equal trade value for their imports, Great Britain avoided trade deficits that put nations on a lower economic footing and usually results in currency devaluation (inflation). It also forced colonies supplied raw material to import finished goods, helping to fund the Industrial Revolution in Great Britain.


Answer by  gatechrox (18)

Since Great Britain had limited space to acquire resources for manufacturing, it was beneficial for the nation to acquire those resources at a lower cost than by forcing their merchants to buy them on the open market.


Answer by  chris70 (301)

Great Britain's mercantilism was a positive as the government regulated unfair competition from abroad to ensure a strong economy for Great Britain.

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