Mercantilism In Victorian England

My lords, the distinguished and noble opposition has spoken most eloquently and with deep emotion. They would have us to believe that the protection offered by His Majesty’s government is not in the best interest of our beloved merchants of England. But we should never forget the very strength of our nation and the merchants upon whom our future rests… Within the times of this great era, England has reached great commercial leadership under a powerful system of economic regulations known as mercantilism. Aimed at increasing the power of the state and towards creating a favorable balance of foreign trade, mercantilism can and will increase the motherland’s gold holdings considerably. During the 17th century, under Oliver Cromwell and the restored
The noble Navigation Acts allowed for money made in the colonies to be kept within the British Empire as they halted the Dutch from trading with the colonists. The acts also restricted the colonies to only allowing trade of their colonial products between them and Britain. This in turn allowed Britain’s economy to grow as colonial products such as tobacco, silver, and sugar were and still are highly valuable and wanted resources. Rapidly growing and increasingly wealthy agricultural populations of the mainland colonies have provided an expanding market for Britain’s manufactured goods. Sales to the mainland colonies as well as to Ireland and Indian colonies have so far soared from £500,000 in 1700 to now £4.0 million. Our exports have become more balanced and diversified as a result. A booming shipbuilding industry has developed allowing for more jobs and more success as well. As our nation has become the leader in shipping slaves across the Atlantic, governments and ship captains have decreased the fighting that occurred among themselves and concentrated on commerce. The mercantilist system based on growing the strength and power of our economy has achieved remarkable success for Britain over the past years and will hopefully be allowed to continue on this path for a greater
The growing issues caused by large unemployment rates, especially in the home front, can easily be solved by enforcing this economic system. Many jobs can be created through the shipping industry and regulation jobs in the colonies. Also, unemployment can be tackled through a mercantilist nation because of the always growing demand for export goods such as scientific equipment, metal items, furniture and many more. Mercantilism is primarily focused on creating the favorable balance of foreign trade to where our nation's exports are greater than our imports. This then increases our gold holdings, which serves as an important source that can be used periodically to pay for the wars we have faced in throughout this past century. Our empire will maintain the position of Europe’s leading maritime power and will continue to claim the majority of the profits of Europe’s overseas expansion so long as members of the Parliament agree to impose stricter mercantile policies in the British colonies and within our own nation for the good of the country's economy and the dependent future success of the