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Copy of Differences Between Manorialism and Mercantilism
Transcript of Copy of Differences Between Manorialism and Mercantilism
A colony is a country or area under full or partial political control of another country, typically a distant one, and occupied by settlers from that country. With mercantilism, colonies provided resources and materials for the parent country and served as market place for manufactured goods. European powers passed strict laws regulating trade for their colonies. The colonists were prohibited from trading with foreign powers or set up their own industries to produce goods. Mercantilism fueled imperialism as many nations fought to establish new colonies that would be sources of gold (as in Mexico) or sugar (as in the West Indies), as well as becoming exclusive markets.
Mercantilism primarily interest was increasing the wealth of the parent country. Profit was made by enforcing a number of policies and establishing global market places. Tariffs were ways parent countries made profit. A tariff is a tax on imports or exports (an international trade tariff), or a list of prices for such things as rail service, bus routes, and electrical usage (electrical tariff, etc.) Other policies included:
Building overseas colonies
Forbidding colonies to trade with other nations
Monopolizing markets with staple ports
Banning the export of gold and silver, even for payments
Forbidding trade to be carried in foreign ships;
Promoting manufacturing with research or direct subsidies
Maximizing the use of domestic resources
Restricting domestic consumption with non-tariff barriers to trade
Mercantilism policies frequently lead to war and also motivated colonial expansion. Mercantilism fueled imperialism and is responsible for the expansion of Britain, Netherlands, Sweden, Prussia, Russia and Denmark.
A serf is an agricultural laborer bound under the feudal system to work on his lord's estate. With manorialism, serfs were tied to the land. Serfdom was a condition of bondage which developed primarily during the High-Middle Ages in Europe and lasted in some countries until the mid-19th century. These serfs had much less freedom than that of colonists. Usually, a Lord received a piece of land, usually from a higher nobleman, or from the king. When he received the land, he also received all that was on it. That means that most of the people that lived on the land also belonged to the nobleman. The people, called peasants, had to pay to the lord, or they had to work for him.
Manorialism aimed for self sufficiency. The serfs paid their lord or they worked for him. This way, the nobleman could live and support his family from what he received from the peasants. He had also certain legal powers, like that of a police force. The peasants were subjects which had to pay tribute to the lord. In return they received "protection".
Manorialism was an essential element of feudal society. Feudalism had two lasting impacts on medieval society; (1) discouraged unified government, (2) discouraged trade and economic growth. The lack of amalgamation between resulted in no sense of loyalty to a geographic area or a particular race, only a loyalty to a person, which would terminate upon that person's death. Discouraged trade and economic growth resulted from the lords strict policies regarding the use of the land. Often the lord would set up a network of roads and bridges that were the only modes of transport through his land with the price of a toll. This legal monopoly made trade and economic growth nearly impossible.
Mercantilism created a mechanism for both controlling their colonies and providing material benefits for the mother country. For the colonies, mercantilism was an exploitative and punitive system that limited the colonies' independence and development. Manorialism was the economic policy that gave the lord of the land power over all of those who lived upon it. Serfs were tied to the land and had much less freedom than colonies. Manorialism aimed for self-sufficiency while mercantilism aimed for profit making. A nation's strict rules regulating trade within the colonies kept the colonists beholden to the parent county, similar to how the serfs were beholden to nobles.
Differences Between Manorialism and Mercantilism
How did mercantilism differ from manorialism practiced in Medieval times?
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