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In the 1500s and 1600s many European nations practiced mercantilism because of what?
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Did the mercantilism theories cause European nations to abandon their overseas colonies?
Mercantilism theories did not cause European nations to abandon their overseas colonies. Mercantilism, in fact, motivated colonial expansion and war.
What is The economic system that European nations used to enrich their treasuries?
Mercantilism
To what extent do nations today practice mercantilism?
Having tasted economic independence for too long a period,the American colonist had no desire to return to the mercantilist policies endured by the colonies of the other European nations.
Which is the economic system that equates a nations wealth with amount of its gold and silver?
Mercantilism is the economic system that equates a nations wealth with the amount of its gold and silver. Mercantilism was in effect from the 16th to 18th century in France.
What is an economic policy based on a nations wealth?
Mercantilism
Did the mercantilism theories cause European nations to abandon their overseas colonies?
Mercantilism theories did not cause European nations to abandon their overseas colonies. Mercantilism, in fact, motivated colonial expansion and war.
What economic theory did European nations follow in their creation of colonies?
mercantilism
What is The economic system that European nations used to enrich their treasuries?
Mercantilism
In European nations the practice of carefully controlling trade to create and maintain wealth was called?
mercantilism
Which statement best describes the economy in Latin America during the colonial times?
European nations practiced a mercantilistic system in latin America
What was practiced by European nations before World War 1?
Liberalism, imperialism.
Why were colonies import to European mercantilism?
The colonies supplied European nations with wealth such as raw materials, natural resources, trade routes, and a market place for finished goods.
Was direct rule only practiced by the English?
No. The other European nations that were colonizing Europe were practicing direct rule whereas the English practiced indirect rule.
What nations practiced a policy of aggressive expansion?
Countries with Imperial Monarchies were often guilty of using aggressive expansion and colonialism. European nations, Asian nations and Islamic nations all practiced this method of expansion. The largest expansion that ever happened in history was the violent expansion done by Genghis Khan.
To what extent do nations today practice mercantilism?
Having tasted economic independence for too long a period,the American colonist had no desire to return to the mercantilist policies endured by the colonies of the other European nations.
Why did some European nations hope to find raw materials for industry in the Americas?
If they found raw materials, they could have new goods for the market. If they had new goods for the market, they got more money. This was very good for the European countries, because they believed in mercantilism at the time.
What backfired during the Hoover administration because European nations also raised taxes on European imports?
The Hawley-Smoot Tariff backfired because European nations raised taxes on European imports.
