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What was mercantilism and how did it relate to exploration and trade?
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What is the basis for the the economic theory of mercantilism that drove the exploration and settlement of North America by Europeans?
Mercantilism is based on the idea that a nation's power stems from its wealth, which encouraged the acquisition of natural resources and developing trade in North America.
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
What relationship does balance of trade and mercantilism have?
Mercantilism restricts trade to only trading with the mother country.
What is the concept of European mercantilism during the age of exploration?
fu
What role did mercantilism play in the exploration of the Americas by europeans?
the role was to provide great opportunity for merchants to make money because a nations getting gold and silver and by developing trade
What is the basis for the the economic theory of mercantilism that drove the exploration and settlement of North America by Europeans?
Mercantilism is based on the idea that a nation's power stems from its wealth, which encouraged the acquisition of natural resources and developing trade in North America.
What is the basis for the economic theory of mercantilism that drove the exploration and settlement of North America by Europeans?
Mercantilism is based on the idea that a nation's power stems from its wealth, which encouraged the acquisition of natural resources and developing trade in North America.
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
What relationship does balance of trade and mercantilism have?
Mercantilism restricts trade to only trading with the mother country.
What is the concept of European mercantilism during the age of exploration?
fu
What role did mercantilism play in the exploration of the Americas by europeans?
the role was to provide great opportunity for merchants to make money because a nations getting gold and silver and by developing trade
How did the idea of mercantilism lead to the age of exploration?
because trading was happening
What are the advantages of mercantilism?
balance of trade
How did the policy of mercantilism affect global economies?
mercantilism actually help global trade
How did mercantilism exploration and colonization work together in new France?
Mercantilism provided the economic framework for exploration and colonization by encouraging the acquisition of wealth and resources to strengthen the home country. In New France, exploration and colonization were driven by mercantilist principles, as the French sought to establish trading posts, extract natural resources, and expand their empire to increase their wealth and power. The fur trade with indigenous peoples played a significant role in the economic success of New France under the mercantilist system.
What is Mercantilism in a sentence?
Mercantilism is a form of economics where tariffs and laws govern the trade of colonies and the homeland.
Where and when did the theory of mercantilism develop?
The theory of mercantilism developed in Europe during the 16th to 18th centuries. It was most prominent in countries like England, Spain, and France during the Age of Exploration and colonial expansion. Mercantilism emphasized the importance of accumulating wealth through a favorable balance of trade, maintaining a large supply of gold and silver, and promoting exports while limiting imports.
