What Role Did Mercantilism Play In The Transatlantic Trade Strategies and Impacts

Mercantilism significantly shaped the transatlantic trade strategies and their impacts. European powers pursued mercantilist policies to amass wealth by maximizing exports and minimizing imports, exploiting colonies for raw materials, and establishing monopolies. This economic doctrine drove European nations to invest heavily in shipping and naval power to control trade routes and ensure a steady flow of goods.

Key Strategies

  • Colonial exploitation for resources.
  • Monopolistic trading companies.
  • Enhancement of naval capabilities.

Impacts

  • Increased wealth for European nations.
  • Imposition of harsh conditions on colonies.
  • Expansion of the slave trade.

These mercantilist practices fueled economic growth in Europe but had devastating effects on colonies and indigenous populations.

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