The New Imperialism

Courtney Hamby
HIS 122 N2

The Dangerous Precipice

Today as the USA continues to function as the worlds kindly Dutch Uncle dispensing advice, food, weapons and funds, it sits in a compar open piazza as England at the end of the 19th century and premature in 20th century. America certainly is not able to follow the economic theory and policies of mercantilism that was influential in Europe from the 16th to 18th century which called for g overnment
government ordi estate of a nations economy in order to increase its business office at the expense of rival nations. The wealth of a nation depended primarily on the possession of precious metals such as gold and silver. This type of system cannot be maintained forever, because the planetary economy would become stagnant if every country cute to export and no one necessitateed to import. Colonial empires such as those of England, France, and Spain were among those adhering to the mercantile system. Although specific practices varied from nation to nation, in that location were basic principles all mercantilists followed. Mercantilists practiced heavy state regularisation of economic activity in order to boost bailiwick wealth. The wealth of the nation was based upon its stocks of gold and silver, rather than on its peoples living conditions.



Thus the accumulation of national wealth was believed to be best achieved by creating as large an excess of exports over imports as possible.

Over time mercantilism evolved into imperialism where power and give of trade routes were established by territorial acquisition or gaining political and economic control of other countries and continents. England, Spain , France, the Netherlands and Portugal built empires in India, the Americas, Africa and the East Indies. The control extended was usually political and economic, resulting in the dependence of the occupied nations. Quite often it was promoted by monopolizing the outer trade of the subordinate nation. The imperial power takes raw materials from...If you want to get a full essay, order it on our website: Orderessay



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