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Mercantilism And The Industrial Revolution

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The time period of the mercantilist theory of economics, was a time of slavery and effective ways to maximize profit margins. Colonies soon learned that forced labor could help create a strong colonization that could one day control the world and this all occurred when the small snow ball, also known as the transatlantic slave trade, grew into what we study in school as slavery.

At the heart of mercantilism is the view that maximising net exports is the best route to national prosperity. Boiled to its essence mercantilism is “bullionism”: the idea that the only true measure of a country’s wealth and success was the amount of gold that it had. If one country had more gold than another, it was necessarily better off. This idea had important …show more content…

There are cases in which the production of raw materials to finished products in some instances were forbidden in the colonies. This was also seen during the time of the Industrial Revolution in England. Those who owned facilities of production would patent and protect their product from being used by anyone else anywhere else. This activity is seen as an underlying cause of the American Revolution. However they both needed to meet each other's needs so the, homeland tried their best to keep everything moving without any …show more content…

This was because the African people had black skin they were clearly "marked" as being different and it was easy for early unintelligent people to treat them as animals. Not really racial prejudice as we understand it today but to colonial period people these types of people, were not people at all but high-thinking animals that were very "human like". I believe to be prejudiced you have to first understand that they are human and equal in every regard and then deny them that. This also brings about a discussion of of how different is American slavery, from slavery in earlier societies.

American slavery was more permanent. It was a social status more than anything, that was inherited and that could only be escaped through great luck or great determination. Even when escaped into a region of where slavery wasn’t allowed, they were still outcasts. Slavery in the Roman era was more fluid. A slave could become a freeman without enormous social stigma sticking to either him or his offspring. Also, a very well educated, unique or useful slave could have significant social status despite being “different”. Also, American slavery was heavily tied to race whereas previous episodes of slavery were

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