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What was dominant economic philosophy in western Europe during the seventeenth century?

mercantilism


In what centuries did mercantilism exist in Europe?

Mercantilism existed during the16th century. It means that riches is the basic power or it is the basis of a power of one's country


Colony of a country that followed mercantilism during the 17th century would NOT be encouraged to develop?

It's own form of goverment.


Did Europe shift to an age of mercantilism?

Mercantilism is enabling trade only between specific partners. An example is that the thirteen colonies could only trade with its mother country: England. Europe first became mercantilistic during the late 16th century.


A colony of a country that followed mercantilism during the 17th century would NOT be encouraged to develop?

It's own form of goverment.


Which of the following statements would not be true of the colony of a country that followed mercantilism during the 17Th century?

The colony would be encouraged to develop it's own form of self-government.


Where and when did the theory of mercantilism develop?

The theory of mercantilism developed in Europe during the 16th to 18th centuries. It was most prominent in countries like England, Spain, and France during the Age of Exploration and colonial expansion. Mercantilism emphasized the importance of accumulating wealth through a favorable balance of trade, maintaining a large supply of gold and silver, and promoting exports while limiting imports.


Why is the economy is Europe not a purely capitalist system during the age of discovery?

Because England had colonies and practiced mercantilism.


What year did the mercantilism start?

Mercantilism as an economic theory began to take shape in the late 16th century, around the 1500s, and became prominent in Europe during the 17th and 18th centuries. It emphasized the importance of accumulating wealth, primarily gold and silver, through a favorable balance of trade and government intervention in the economy. The theory was largely associated with the rise of nation-states and colonial expansion during that period.


What are some significant events that occurred in Europe during the period 1600 - 1750?

In France Jean-Baptiste Colbert instituted the system of Mercantilism.


When did europe colonize america?

Mainly during the 16th century.


During which century did the vikings have the most impact on Europe?

1500