*If you're smart. HELP ME! PLEASE!!

What do you mean how do they connect past and present?

If you could explain a bit more maybe I can help.

wealth determines power?

Do you have to base it on a specific area or place or just in general?

Mercantilism was purely "let the gov set the prices and keep all their colonies monies coming to the home," the tighter you controlled your colonies economies, the more revenue you could generate from them.

Capitialism is "let the market decide the price" and let money flow much more freely. True capitalism would have NO regulations. Also taxes, both internal and external would be non-existant.

I do believe the question could use some explanation though.

if you still need help, e-mail me at [email protected]" class="bb-email">[email protected] and i'll see if my notes can help

well i know for sure that mercantilism is making the most money for your mother country, ex.- the 13 english colonies. im not too sure on capitalism so if you know a lot about capitalism then there you go. :D

Adam Smith - first proponent of capitialism

well then, there you go!! lol.

Mercantlisim is the concept of basically, exporting more than you import (so you have gold in your treasury, the measure of the worth of a country). Capitalism, is the concept of letting the economy run itself with little to no government interaction (free-market economy is the zenith of no government interaction in an economy). this relates because the United states is a capitalism, as was it when england was "running" it. One can also stretch it and say that mercantilism, or, rather, exporting more than you import, is still a concept used today. Although, in many industries this is not the case, where labor and/or resources may be cheaper if they are produced elsewhere than imported here. so, those are the concepts and, related to today, capitalism still prevails as the underlying idea of the world economy in many places.