Darasa Lako

IMPACTS OF MERCANTILISM IN AFRICA. How Africans were affected by European Mercantilism 1.       TECHNOLOGICAL AND INDUSTRIAL STAGNATION The African Industries and technology came into stand still as a result of trade contact between Africa and European continent through European mercantilism. This technological and industrial stagnation was caused by major things.                [a] Importation of European ready made things.   These goods were cheaper compared to those goods produced in Africa. So in the market the European goods had to be bought first then African goods later.                 [b] Enslavement of Africans resulted to technological and industrial stagnation .Because some people were taken as slaves where the innovators and participants of a certain field of Industries were taken as slaves w...

The Transition from feudalism to Capitalism: Continue..... 5. POOR PRODUCTIVE FORCES DURING FEUDALISM.      Due to poor productive forces during feudalism a large number of people were highly discouraged to engage in agricultural production consequently most of them preferred to participate in trade since it seemed to be more profitable than engaging in agriculture. This made the feudal lord to sell their farm so as to engage in trade. 6. MONETIZATION [Introduction of Money] Before the introduction of money a system of transaction that existed in Europe was batter system, as a result exchange was not only difficult but also unequal and unpredictable. The introduction of gold and silver as a median of exchange in Europe had intensified trading activities and the system of transaction [exchange] became more or less equal and most people became anxious anger of processing gold and silver. These include the landlord who started to demand rent in money inste...