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Economic ideas and systems come and go. Many systems have failed and many have succeeded. The British system of mercannot
ilism was actually quite a good system for England. They raked in profits from their colonies. The only problem was that they did not give enough economic freedom to their colonies. At almost every turn, the British tried to restrict what their colonies could do and whom they could trade with. In hindsight, I believe that the British may have been a bit more lenient on their restrictions because the constant prohibitions eventually lead to revolution…
England did not directly control its colonies. Instead, they let joint-stock companies control and provide funds and foodstuffs for the colonies. Modern day corporations find their roots in these Joint-stock companies. The joint-stock companies were comprised of a group of entrepreneurs who provided the funds for all the voyages and supplies. The people funding the company usually controlled the colony as......

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Approximate Word Count: 2996
Approximate Pages: 12 (250 words per double-spaced page)

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