Mercantilism vs Capitalism
BY MADISON GOGAN AND MATTHEW MORO
COMPARE AND CONTRAST BETWEEN MERCANTILISM VS CAPITALISM
- Mercantilism comprised European laws overseas trade.
- Precious metals gold/silver past.
- State intervention
- Power was gassed on wealth.
- Privately owned
- Stock exchange
- Free market
- Supply and demand
- For profit
- Magnification goods
- trade with other countries
Both are Very similar they both are for profit, they manufactor goods, but they are very different also,Mercantilism is based on and follows European laws, power of anything was based on wealth and they used gold/silver. Capitalism is privately owned, they used big financial agencies like banks, and the stock exchange. Capitalism is more for current times and Mercantilism was a way of the past although capitalism was based on mercantilism.
WHAT IS CAPITALISM
Capitalism is a social system based on individual rights. Politically, it is the system of freedom. Legally it is a system of objective laws (rule of law as opposed to rule of man). Economically, when such freedom is applied to the sphere of production its result is the free-market. It is private you can do what you want you can collect import or export as much as the owner you want.
WHAT WAS MERCANTILISM?
COLUMBIAN EXCHANGE VS INTERNET
WHAT IS THE COLUMBIAN EXCHANGE?
The Columbian exchange was named after Christopher Columbus it started an early trading partnership in Europe and the Americas. The Columbian exchange helped increase production of food because growing food became cheaper. foods like corn, and potatoes.
WHAT DID THE COLUMBIAN EXCHANGE CAUSE?
The columbian exchange caused the collapse of indian nations because of disease like smallpox they brought from Europe. It also introduced people to slave trading know as the Transatlantic slave trade. The conditions they were in because their immune systems to shut down especially all those disease the old world people brought. The lack of space they were kept in caused it to spread faster.
COMPARE AND CONTRAST FOR INTERNET NOW AND COLUMBIAN EXCHANGE
- Exchange of animals, plants, and diseases
- Destroyed native americans lives
- Native americans trade with Europeans new world-France-Spain-England
- Cargo boat, water
- Exchange of everything except for disease
- Free non contact everywhere
- Ships on air/road
- Trade with other countries
- Manufacturing goods
The Columbian Exchange was trade of plants, animals, and diseases yes disease spread -ded easily. The new way the Internet has more than the Exchange it has everything and it got rid of transferring of diseases and slaves. Even trade is still allowed on the new way of doing things. Internet is a much better an safer way of trading/ making purchases. The internet basically runs itself with the information it has and all you can do on it.