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What is the concept of European mercantilism during the age of exploration?
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∙ 9y ago
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Wiki User
∙ 9y ago
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What economic system grew as a result of exploration and trade?
I believe the answer is mercantilism, which emerged during the early sixteenth century in the dawn of the Age of Exploration. Mercantilism is a political and economic policy seeking to advance a state above others by accumulating large quantities of precious metals and by exporting in large quantity while importing in small. http://www.thefreedictionary.com/mercantilism
How were European systems of mercantilism and capitalism similar during the 18th and 19th centuries?
Both systems greatly increased European's total wealth. Hope this helped!
How were the European systems of mercantilism and capitalism similar during the 18th and 19th centuries?
(Apex) Both systems greatly increased Europeans' total wealth.
During the commercial revolution the joint stock company was developed to meet the needs of mercantilism or communism or socialism or feudalism?
mercantilism
What are some aspects of mercantilism?
Mercantilism means that all of the money (in the form of gold, jewels, products, hard money), essentially goes to the king. For example, during the early years of exploration for the Americas, all of the silver and gold found by the Spanish and Portuguese went straight back overseas to King and Queen. Apex: An interest in having a favorable trade balance
Which statement best illustrates the concept of European mercantalism during the age of exploration?
Portugal sought trade benefits from it's colonial possessions.
Who was the king of France during European age of Exploration 1660?
The king of France during the European age of Exploration was King Louis XIV.
What word describes the economic system of European countries during the colonial era?
Mercantilism
Which people suffered the most during the Era of European Exploration?
The Native Americans suffered the most during the Era of European Exploration. The Native Americans could not withstand the European wars nor their way of life.
Who spread Christianity during European exploration?
prince henry
When was mercantilism popular?
Mercantilism was an economic theory popular in Europe during the Age of Exploration. It related to world exploration, establishing colonies in other lands, and protecting industry in the European country. Mercantilism can be summarized as follows.A country's wealth is based on the amount of gold and silver it hasA country increases its silver and gold by selling more goods to other countries that it buys for themThe government regulates all foreign trade (imports and exports) so more gold and silver enter the country than leave it.
Which nation was the most successful during the Era of European Exploration?
Spain
Who was most successful during era of European exploration?
The Spanish.
What were the goals of the European nations that started sailing out into the world during the age of exploration?
Exploration and commerce to create wealth
What economic system grew as a result of exploration and trade?
I believe the answer is mercantilism, which emerged during the early sixteenth century in the dawn of the Age of Exploration. Mercantilism is a political and economic policy seeking to advance a state above others by accumulating large quantities of precious metals and by exporting in large quantity while importing in small. http://www.thefreedictionary.com/mercantilism
Was Francisco Pizarro's exploration successful?
Pizarro's exploration is generally considered successful from the european perspective, however he was killed during it.
What European countries were competeing for asain trade during the age of exploration?
Malacca.
