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During this time, there were many clear aggressions and human rights violations that were committed by imperial European empires on their colonies in Africa, Asia and the Americas, though not all of these were directly rationalized by mercantilism. Mercantilism, did however, lead to the adoption of enormous trade restrictions, which stunted the growth and freedom of colonial business. In the 1660s, for example, Great Britain passed the Navigation Acts.
Mercantilism Essay - The several colonies under British control in America were all ruled and governed by the same political and economic policy. Mercantilism is a policy where wealth is equivalent to power. It is the economic theory that a countryâs wealth was measured in the amount of bullion it accumulated.