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Q: What was a nation's ultimate goal under mercantilism and how did great Britain strive to achieve this goal?
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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.


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


What was the idea that a nations power was based on its wealth?

mercantilism


What is the theory that a state or nations power depends on its wealth?

mercantilism


What theory holds that a nations power depends on trade?

Mercantilism.


What is an example of a sentence using the word mercantilism?

Mercantilism was a way to get money from other nations. It is an example of mercantilism in a sentence.


What economic theory did European nations follow in their creation of colonies?

mercantilism


What theory holds that a nations power depends expanding its trade?

Mercantilism


What is The economic system that European nations used to enrich their treasuries?

Mercantilism


What is the downfall of the mercantilism theory?

The downfall of Mercantilism Theory was the acceptance of Adam Smith's 'Wealth of Nations' as the foundation of modern economics. Smith believed Mercantilism formed a negative consumer environment, based on collusion between industry and government. He felt that if free trade were implemented, it benefited all parties. The publication of 'Wealth of Nations' ended the period of Mercantilism.


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