Unit 9: Free Trade Flashcards
1
Q
Mercantilism
A
During the period of French and British colonial government, it was the primary economic strategy of the empires who owned the territory that is now Canada
2
Q
what strategy did mercantilism use?
A
culling of natural resources as raw materials from the colonies, shipping them back to the imperial homeland, and there adding value to the materials by refining, manufacturing, or similar processes.
3
Q
Products were produced using…
A
the manual labour of people, basic hydro-electric driven machines, and transportation such as horses and sailing ships
4
Q
the invention and popularization of the steam engine revolutionized trade was when
A
the 19th century
