History, 28.05.2021 20:20 naomifelixwoo
Mercantilism was an economic theory and practice used by Europeans in the seventeenth and eighteenth centuries to increase the wealth of a nation or empire. This was done by acquiring gold and silver and maintaining a favorable balance of trade, in which a country exported more than it imported. How did mercantilism encourage European countries to colonize both the Americas and Africa
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Mercantilism was an economic theory and practice used by Europeans in the seventeenth and eighteenth...
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