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Essay Details:
Essay text:
The first country to introduce mercantilism
in America was Spain. The spanish american colonies were not allowed
to trade directly with Europe. Instead they had to funnel all of the
sugar and tobacco, two common commdities of the new land, through
Spain. When this was done, heavy custom duties were imposed and the
central government gained. Spanish American colonies were forced into
providing precious metals and raw materials to the mother country.
These colonies existed only to enrich spain, even if the economic
policies adversly effected the well-being of the colonies. This grip
caused the central economy of Spain to grow at the expense of the
colonies...
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Common topics in this essay:
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