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colonies were a source of raw materials for Spain.
colonies were a source of raw materials for spain
They hated the mercantilism
mercantilism was eventually replaced by capitalism
Capitalism is an economic system. Mercantilism is trading.
The Commercial Revolution led to the adoption of mercantilism in Europe, while the Industrial Revolution contributed to the end of mercantilism.
colonies were a source of raw materials for Spain.
colonies were a source of raw materials for spain
They hated the mercantilism
5
mercantilism was eventually replaced by capitalism
5
Capitalism is an economic system. Mercantilism is trading.
MercantilismThe answer is Mercantilism
No.
That is true, mercantilism was an early phase of capitalism.
One aspect of mercantilism is building a network of colonies overseas.