1- Mercantilism Flashcards
1
Q
What is mercantilism?
A
An Economic policy designed to enrich the mother country
2
Q
How did the mercantilism policy work with New France, France and Europe?
A
New France would hunt for the fur, send it to France where France would manufacture the fur into hats and sell them to European countries
3
Q
Why did France grant monopolies to chartered companies?
A
Because he wanted the chartered companies to bring over colonists to develop a colony
4
Q
Did the chartered companies bring over colonists?
A
No
5
Q
Who could New France only trade with?
A
With France
6
Q
What was new France’s Economic purpose?
A
They had to supply raw materials (fur) to France, purchase finished goods from France, accumulate gold for France and support France in international competition
