1.How was wealth defined in the 17thand 18thcentury?

2.What policies were favored by policy makers influenced by mercantilist thinking?

3.Why can we begin to talkof "state building" policies in the 16thcentury, but rarely in earlier periods?

4.Why did many influential people in this period want to achieve a favorable balance of trade? How did they go about doing it?

Chapter 7:

1.What were the two new policies introduced in the mercantilist philosophy as a result of the discovery of "new" lands?

2.Describe the two different views on how colonies should be exploited and provide examples of those empires that applied these policies.

3.What was different about British settlement policy compare to Spanish and Portuguese policies?

4.From your own perspective, what was the most important consequence of mercantilist policies?