How did mercantilism help England?

Answer 1

Mercantilism helped England by promoting a favorable balance of trade, where exports exceeded imports, thereby boosting national wealth. It encouraged the establishment of colonies, providing England with access to raw materials and new markets for its manufactured goods. Additionally, mercantilist policies fostered the growth of a strong navy to protect trade routes, enhancing England's global power and economic dominance during the 17th and 18th centuries.