Mercantilism Flashcards
What did the french see as a good way to accumulate wealth?
Fur trade
What were furs mostly turned into? Where?
The were manufactured in France to hats.
What is mercantilism?
Mercantilism is an economic policy designed to enrich the mother country.
Who did New France sell the hats to?
European countries
Who did France grant monopolies to? When?
They granted monopolies to individual or charted companies. Between 1599 and 1627.
What is the definition of monopoly?
the exclusive exploitation of a resource by one individual or chartered company.
What were the monopoly holders supposed to do in return? Did they do It?
They were supposed to bring over colonists to develop a colony. The didnt.
What was New France and who did they trade with?
They were a trading colony and they traded with only France.
What was New Frances economic purpose?
To supply raw materials (furs to France, purchase finished goods from France, accumulate gold for france and support France in international competition.
