Mercantilism, Sailors and pirates:

1. What made trade with other countries so crucial to the Early Mercantile Powers?

2. What led sailors to enlist as pirates or go "on the account"? Try to be as sweeping as you can.

Describe the philosophy of Mercantilism. Is Mercantilism consistent with Ricardo's theory of gains from trade?

What is mercantilism?

Mercantilism recommends that a country should limit its exports, so that more of the otherwise-exportable products are instead available for local consumption. Do you agree or disagree with mercantilism’s recommendation. Explain why.