The mercantilist economic theory

What is the mercantilist economic theory? Explain what mercantilists understood as wealth. What are the
implications for this perception of wealth when it comes to things like trade, and the acquisition of goods for
trade? From the two short reading excerpts provided in module 9, explain the economic justifications provided
by the pro-slavery lobby for the continuation of the practice. Since sugar was the commodity produced by the
Caribbean plantations and it was a commodity in great demand in Europe, could we argue that Caribbean
slave plantation systems were promoted and protected by the European states partially as a result of
mercantilist beliefs (you need to basically connect, sugar, mercantilism, slavery…)

Sample Solution