MERCANTILISM, Explained [AP Euro Review—Unit 3 Topic 4]

AP HEIMLER REVIEW GUIDE (formerly known as the Ultimate Review Packet):

Tiktok: @steveheimler
Instagram: @heimlers_history

In this video Heimler explains what you need to know about the dominant European economic system: mercantilism.

[JonathanKuruvilla]

Man I hated history before watching ur vids now I wanna pursue it

[YuSia-wt]

1. Main Points of Mercantilism:
State-driven Economic System: Mercantilism indeed emphasizes strong government control over the economy, particularly in trade policies, to increase national wealth.
Buildup of Mineral Wealth: The focus on accumulating wealth, especially in the form of gold and silver, is a central tenet of mercantilism.
Favorable Balance of Trade: A key goal of mercantilism was to export more than a country imported, creating a favorable trade balance to increase wealth.
Expansion of Empire and Trade: The expansion of empires and the resulting increase in trade were indeed significant drivers of mercantilism.
2. Effects on the New World:
Dominant Position in the World Economy: Mercantilism helped European nations gain a dominant position in the global economy by exploiting resources and establishing trade networks.
New Markets for Manufactured Goods: The New World provided new markets for European manufactured goods, which was a crucial aspect of mercantilist policy.
Resource Exploitation: Although not explicitly mentioned in your notes, mercantilism also involved exploiting the natural resources of the colonies, which is implied by the buildup of mineral wealth.

[BJMW_]

Been here since your AP World History Videos. Now I am in college and these videos are still helpful. Awesome job

[fbxcowj]

Where was this when I took Ap euro 2 years ago 😩 but no matter what I love you! Literally succeeded in Apush because of you

[Skull-straw]

Thank you for these video they are helpful because my Ap teacher is nice and seems like a good person but they aren't the best at teaching a topic so it's good that I can come to these videos if confused or needing help.

[noahbenn]

Good work man! Everything you make is gold

[Cooper-]

I got a test tomorrow and this will help. Thanks

[studded]

can't wait to binge AP EURO once I have the test, then after binge APUSH. Thanks for the content

[Sofia-qsry]

I think you just saved me from failing my history exammm tysmmm

[Rico-Suave_]

Great video, thank you very much, note to self (nts) watched all of it,

[diamondtrike]

Thanks Heimler, my history grade says thanks too

[hromjyo]

Wait this is clutch asf I have a unit test tmmrw

[StonesAndSand]

Wow! Where you when I was in history class back in the late 70s?

[happybeejv]

Mercantilism explained :
Bah bah black sheep do you have any wool??
Yes sir, yes sir 3 bags full,
One to pass off as a days work; one to bring home to my wife, and one to sell on the black market for a profit

[-crystxlmoon]

*mercantilism*
---
_theory suggesting there is a finite amount of wealth in the world;_
_a nation's prosperity is determined by its ability to accumulate gold and silver;_
_favorable trade balance: more exports than imports_
---
- theory during the 16th-18th centuries
- one country's gain → another's loss
- ⇒ intense competition for colonies and resources
- maintain a favorable balance of trade
- tariffs
- trade restrictions
- promotion of exports > imports
- colonies = valuable assets
- provided raw materials
- markets for finished goods
- generated wealth for the colonial power
- american colonies
- subject to mercantilist policies
- ⇒ growing resentment ⇒ American Revolution
- desire to accumulate gold and silver
- precious metals = measure of wealth and power

[scottdellrobinson]

The colonies the colonies the colonies the colonies!!! The colonies must revolt

[M.R]

Way too many cuts to actually understand it properly. No breathing space.