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Question about Mercantilism: Introduction

Subject History

History

Source Originais Teachy

Originais Teachy

Topic Mercantilism: Introduction

Mercantilism: Introduction

Difficulty Easy

Easy

(Originais Teachy 2023) - Question Easy of History

Mercantilism, an economic system prevalent in Europe from the 16th to the 18th centuries, emphasized the accumulation of wealth through trade, colonization, and the establishment of colonies to secure resources and markets. It is often credited with contributing significantly to the development of many European nations. Based on your understanding of Mercantilism, how did this economic system influence the political and economic relationships between European countries and their colonies during this period?

Mercantilism led to a decline in the military power of European countries, as the wealth accumulated through trade with the colonies was primarily used for domestic development and not for building armies and navies.

Mercantilism weakened the political control of European countries over their colonies, as it led to the accumulation of wealth and power in the colonies.

Mercantilism resulted in the colonies becoming economically independent from their mother countries, as they were encouraged to produce their own goods and establish their own trade networks.

Mercantilism led to the political and economic isolation of European countries from their colonies, as it promoted self-sufficiency and discouraged trade and interaction.

Mercantilism influenced the political and economic relationships between European countries and their colonies by making the colonies an integral part of the mother country's economy, serving as a source of raw materials and captive markets for finished goods, and strengthening the political control of European countries over their colonies.

Answer sheet:

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