THE 5 PRINCIPLES OF MERCANTILISM
1. The welfare of a national economy depends upon the increase of population.
2. The national economy also depends upon the increase of the mass of precious metals in the country.
3. Foreing trade is to be as active possible.
4. Commerce and industry are more important branches of national economy than agriculture.
5. The state is called upon to foster the national welfare by an appropriate policy.
- States take advantage of the raw material to have offices, works and gave a balance to the economy
- States were democratic and social policies. This view of the political experience of the British colonies after 1763
- Independent states were supported by a Democratic state Republican who also wanted to establish a central government in the case of Canada pointed to an expansion.
- Americans disillusioned with their experience in mercantilism.
- In New England a small group supported aristocratic society.
- Mercantilism explained the financial difficulties that arose as a result of the growth of a central government.
- Unwilling to return to colonies that were in favor of economic and social reintegration.
- There is a letter in which James Madison Thomas Jefferson indicated that there are people interested in making a fundamental shift from mercantilism. He states that use all metals can lead to ruin, must be a fact that would only be with bad policies.
- They believed that mercantilism could lead to a balance of the economy.
- Foundation national economies and U.S. policies to combat organized mercantilist empires and conquer small powers.
- There was a point where it became impossible to say that there was a general economic theory, it was said that if a party had a profit the other would have lost, as if any group benefited from something the other and harming so eventually it says that the economy would not serve the common good or extending the common wealth.
- Mercantilism is given in an interventionist period before the industrial revolution.