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Mercantilists believed that the prosperity of a nation depended primarily on its accumulation of wealth, particularly in the form of gold and silver. They argued that a favorable balance of trade—exporting more than importing—was essential for national prosperity. Additionally, mercantilists emphasized the importance of government intervention in the economy to protect domestic industries and enhance exports, thus ensuring the nation's economic strength and self-sufficiency.

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According to mercantilists the prosperity of a nation depended on?

a large supply of bullion, or gold and silver.


What do mercantilists advocate that a nation do?

A large supply of bullion


According to mercantilism the prosperity of a nation depended on what?

According to mercantilism, the prosperity of a nation depended on its accumulation of wealth, primarily measured in gold and silver. This economic theory emphasized a positive balance of trade, where exports exceeded imports, to enhance national wealth. Mercantilists believed that government intervention was crucial in regulating the economy, promoting exports, and limiting imports to achieve these goals. Overall, the focus was on maximizing national resources to strengthen the state.


What do mercantilists believe a country should do?

A colony or territory should benefit the "mother" nation. Should be more imports than exports. Hard cash (gold, silver) is most valuable.


What did a country have to do in order to become wealthy and powerful according to mercantilists?

According to mercantilists, a country had to accumulate wealth primarily through a favorable balance of trade, meaning it should export more goods than it imports. This involved establishing and maintaining strong manufacturing sectors, securing colonies for resources and markets, and implementing protectionist policies to shield domestic industries from foreign competition. Additionally, mercantilists believed that increasing national reserves of gold and silver was essential to bolster a nation’s power and influence.

Related Questions

According to mercantilists the prosperity of a nation depended on?

a large supply of bullion, or gold and silver.


What do mercantilists advocate that a nation do?

A large supply of bullion


What is your nation motto?

It would depend on which nation you mean


What do mercantilists believe a country should do?

A colony or territory should benefit the "mother" nation. Should be more imports than exports. Hard cash (gold, silver) is most valuable.


What did a country have to do in order to become wealthy and powerful according to mercantilists?

According to mercantilists, a country had to accumulate wealth primarily through a favorable balance of trade, meaning it should export more goods than it imports. This involved establishing and maintaining strong manufacturing sectors, securing colonies for resources and markets, and implementing protectionist policies to shield domestic industries from foreign competition. Additionally, mercantilists believed that increasing national reserves of gold and silver was essential to bolster a nation’s power and influence.


The growth of the nation's economy during the 1920's was called?

coolidge prosperity


Use industry in a simple sentence?

Science and industry are keys to a nation's prosperity.


The greater east Asia co prosperity sphere was controlled by which nation?

Japan .


What is the presidents main goal?

To bring peace, prosperity, freedom, and security to their nation.


Is tonga independent nation or does it depend on another country?

It is obviosly an independent nation!( :


What is your motto?

It would depend on which nation you mean


Did new England's economic prosperity depend on growing surplus cash crops for export?

true