mercantilism

American  

[mur-kuhn-ti-liz-uhm, -tee-, -tahy-] / ˈmɜr kən tɪˌlɪz əm, -ti-, -taɪ- /

noun

1. mercantile practices or spirit; commercialism.

2. mercantile system.

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mercantilism British  

/ ˈmɜːkəntɪˌlɪzəm /

noun

1. Also called: mercantile system.  economics a theory prevalent in Europe during the 17th and 18th centuries asserting that the wealth of a nation depends on its possession of precious metals and therefore that the government of a nation must maximize the foreign trade surplus, and foster national commercial interests, a merchant marine, the establishment of colonies, etc

2. a rare word for commercialism

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mercantilism Cultural  

1. An economic doctrine that flourished in Europe from the sixteenth to the eighteenth centuries. Mercantilists held that a nation's wealth consisted primarily in the amount of gold and silver in its treasury. Accordingly, mercantilist governments imposed extensive restrictions on their economies to ensure a surplus of exports over imports. In the eighteenth century, mercantilism was challenged by the doctrine of laissez-faire. (See also Adam Smith.)

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Discover More

The European quest for colonial holdings in Asia, Africa, and North and South America was partially a product of mercantile economics.

Other Word Forms

• mercantilist
  noun
• mercantilistic
  adjective

Etymology

Origin of mercantilism

From the French word mercantilisme, dating back to 1870–75. See mercantile, -ism

Compare meaning

How does mercantilism compare to similar and commonly confused words? Explore the most common comparisons:

• mercantilism vs. capitalism

Explanation

Mercantilism, also called "commercialism,” is a system in which a country attempts to amass wealth through trade with other countries, exporting more than it imports and increasing stores of gold and precious metals. It is often considered an outdated system. The noun mercantilism came from the Latin mercāns, or "buyer." It was a system that encouraged the idea of government trade regulation to gain wealth, a move away from agriculture system as an economic base. Although largely rejected today, it was the main school of economic thought from the 15th through the 18th Centuries, and was the push behind much of the exploration and colonization of other lands — and many of the wars — that happened during that time.

Example Sentences

See Examples For:

mercantilism

He devoted nearly a fifth of his magnum opus to attacking the established quack system of mercantilism, which sought to maximize exports and minimize imports for the empty prize of a positive balance of trade.

From The Wall Street Journal ● Aug. 21, 2026

As the U.S. economy shifted from colonial mercantilism to building its own markets, the want ads were dominated by land, shipping and artisan trades.

From The Wall Street Journal ● Nov. 19, 2025

His was a prospect of a breezy, pragmatic mercantilism where nations did business deals to their mutual benefit, a world where profit can bring peace.

From BBC ● May 16, 2025

“The advent of sailing ships led to mercantilism, and shaped capitalism.”

From Washington Times ● Oct. 6, 2023

An exposition of mercantilism would not be complete without a statement of the form it assumed in France under the guidance of Colbert,14 the great minister of Louis XIV, from 1661 to 1683.

From Principles Of Political Economy Abridged with Critical, Bibliographical, and Explanatory Notes, and a Sketch of the History of Political Economy by John Stuart Mill