Question

Was mercantilism either good or bad for native americans

Answer 1

Mercantilism brought about many acts against humanity, including slavery and an imbalanced system of trade. During Great Britain's mercantilist period, colonies faced periods of inflation and excessive taxation, which caused great distress

Answer 2

Mercantilism had an overall negative effect on the Native Americans.

• Mercantilism was the dominant form of economic theory between the 16th century and the 18th century.
• It was centered on the interests of merchants and traders and focused on increasing a nation's wealth by increasing exports and reducing imports.
• Maintaining a trade surplus was considered integral to a good economy.
• This approach led to the exploitation of the natural resources of the New World.
• Wood and animal products were extracted from the American continent and exported to the world by the colonial powers.
• These natural resources were previously the property of the native americans. For control over these resources, the native American tribes were chased away from their homes and forced to relocate. In some cases they were simply wiped out.
• But, some tribes profited from mercantilism by collaborating with the European powers and helping them in resource extraction.
• The Trans-Atlantic slave trade was in some ways also a product of this economic system.
• Thus, it can be said that mercantilism had an overall negative effect on the Native Americans.

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