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Mercantilism emerged in the late medieval period as European nations sought to increase their wealth and power through trade and colonization. The rise of nation-states, competition for resources, and the desire for self-sufficiency fueled mercantilist policies that emphasized the accumulation of precious metals and a favorable balance of trade. Additionally, the exploration of new territories and the establishment of colonial empires provided access to raw materials and new markets, further driving the mercantilist agenda.
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What caused the growth of mercantilism?
Mercantilism was an economy theory that posited that the wealthiest nation, particularly in terms of precious metals, would be the most powerful. The demand of the precious metals by the developed countries was one of the causes of mercantilism.
What is significance of mercantilism?
It was an economic syste which caused an increase in a country's treasury by creating a favorablr balance in trade.
What are the principles of mercantilism?
Principles of mercantilism are that the government must encourage exports that will bring in more gold or silver and discourage imports. Also, manufacturers should be the choice for exports because increased value from labor and monopoly will occur.
What does effect mercantilism could have had on Europe and the American colonies?
It caused inflation as well as people in the Americas making their own money, not the government's.
How did the physiocrats feel about mercantilism?
They hated the mercantilism
What caused the growth of mercantilism?
Mercantilism was an economy theory that posited that the wealthiest nation, particularly in terms of precious metals, would be the most powerful. The demand of the precious metals by the developed countries was one of the causes of mercantilism.
What is significance of mercantilism?
It was an economic syste which caused an increase in a country's treasury by creating a favorablr balance in trade.
What are the principles of mercantilism?
Principles of mercantilism are that the government must encourage exports that will bring in more gold or silver and discourage imports. Also, manufacturers should be the choice for exports because increased value from labor and monopoly will occur.
What does effect mercantilism could have had on Europe and the American colonies?
It caused inflation as well as people in the Americas making their own money, not the government's.
How did the physiocrats feel about mercantilism?
They hated the mercantilism
How red tides occur?
its caused by the moon
The navigation acts were part of what british policy?
The Navigation Act caused many conflicts in the American colonies which led to the repeal of the Acts in 1849.
What is a good sentence for mercantilism?
mercantilism was eventually replaced by capitalism
When would a tsunamic occur?
A tsunami is an ocean wave that is caused by an earthquake. It would occur after an earthquake.
What was the trigger that caused reactions to occur in the atmosphere?
sunlight
How is capitalism different from mercantilism?
Capitalism is an economic system. Mercantilism is trading.
The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
