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Q: Why was mercantilism important the the European nations?
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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 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


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.


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


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

mercantilism


According to the policy of mercantilism how could a nation increase in its wealth?

The theory of mercantilism held that a country's power depended mainly on its wealth. Wealth after all, allowed nations to build strong navies and purchase important goods. As a result to the policy of mercantilism the goal of every nation became the attainment of as much wealth as possible. Saying this they can increase their wealth by balance of trade and the economic revolution changes european society source- Honors World Civ book


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.