Part one of term paper
During the 1500's to 1800's, the strength and stature of a country depended upon its political power, which can be traced to how self-sufficient it was. Striving to be self-sufficient was what actions sought after; dependency was not a characteristic of a powerful nation. Raw materials were the most required item to strengthen the central g ...

Part two of term paper
... this was done, heavy custom duties were imposed and the central government gained. Spanish American colonies were forced into providing precious metals and raw materials to the mother country. These colonies existed only to enrich Spain, even if the economic policies adversely effected the well being of the colonies. This grip caused the central economy of Spain to grow at the expense of the colonies. During the duration of this period, the 1500's through the 1700's, mercantilism had a major ...