3. +Changes+in+Economics

1.) Traders believed in mercantilsm- DEFINE THIS TERM - TFLYNN Idea of exporting more than you import.

STANDARD WEIGHTS AND MEASURES??

1.) Merchants-(middle class) o Become wealthy because of sale of goods o Influential- involved in politics

Tariff-tax on imported goods. Standard Currency-for nation

Economic Systems • Mercantilism o export more than you import o colonies important part. • Tariffs o Tax on imports