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Mercantilism provided the British with a framework for economic expansion and national power during the 16th to 18th centuries. It emphasized the importance of accumulating wealth, primarily gold and silver, through a favorable balance of trade, leading to the establishment of colonies that supplied raw materials and served as markets for British goods. This system reinforced Britain's global trade networks and contributed to its rise as a dominant colonial power. Ultimately, mercantilist policies fueled competition with other European nations and laid the groundwork for future economic theories and practices.

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