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  2. During Great Britain's mercantilist period, colonies faced periods of inflation and excessive taxation, which caused great distress. Angry and frustrated American colonists revolted against the British, which led to the American Revolution and the end of mercantilism.
    www.investopedia.com/ask/answers/041615/how-d…
    Mercantilism fell out of favour as an economic theory beginning in the late 18th century. The repeal of the Corn Laws and the Navigation Acts in the mid-19th century permanently ended mercantilist practices in the British Empire.
    www.timesmojo.com/when-did-mercantilism-start-a…
    Mercantilism was finally challenged by advocates of "laissez-faire" who argued that international and domestic trade were both important, and that it was not the case that one country must grow wealthy at the expense of another. As this and other economic ideas arose throughout the nineteenth century, the mercantilist view was superseded.
    www.newworldencyclopedia.org/entry/Mercantilism
    By 1860 England had removed the last vestiges of the mercantile era. Industrial regulations, monopolies, and tariffs were abolished, and emigration and machinery exports were freed. In large part because of its free trade policies, England became the dominant economic power in Europe.
    www.econlib.org/library/Enc/Mercantilism.html
     
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    Mercantilism - Wikipedia

    Adam Smith, David Hume, Edward Gibbon, Voltaire and Jean-Jacques Rousseau were the founding fathers of anti-mercantilist thought. A number of scholars found important flaws with mercantilism long before Smith developed an ideology that could fully replace it. Critics like Hume, Dudley North and John Locke … See more

    Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports for an economy. In other words, it seeks to maximize the accumulation of resources within the country … See more

    Most of the European economists who wrote between 1500 and 1750 are today generally described as mercantilists; this term was initially … See more

    Mercantilism was the economic version of warfare using economics as a tool for warfare by other means backed up by the state apparatus and was well suited to an era of military … See more

    Adam Smith criticized the mercantile doctrine that prioritized production in the economy; he maintained that consumption was of prime … See more

    Mercantilism became the dominant school of economic thought in Europe throughout the late Renaissance and the early-modern period (from … See more

    Mercantilist ideas were the dominant economic ideology of all of Europe in the early modern period, and most states embraced it to a … See more

    The term "mercantile system" was used by its foremost critic, Adam Smith, but Mirabeau (1715–1789) had used "mercantilism" … See more

     
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