Paper instructions
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.