Dependency Essay Samples and Topic Ideas

dependency, reduced level of literacy and hence dragged any forms of positive developments. The most outspoken economic concept in the 17th century was mercantilism. This was an economic policy where the Spain, Britain, and France sought to increase their power and wealth over their rivals by snatching large amounts of silver and gold and selling them at a higher price than they bought. Their primary objective was to become self-sufficient and control the colonial trade. As a result, they ended up exploiting each of their colonies’ raw materials and dictated the costs of all other goods without the trade fairs. Some stipulated acts served as the golden rules. This came to be emulated as the primary...