Mercantilism. The European World. What is Mercantilism?. the theory that a country’s power depended mainly on its wealth to build strong navies and purchase vital trade goods. obtain as much gold and silver as possible. Two Ways to Increase a Nations Wealth.
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The European World
establish a favorable balance of trade, in which it sold more goods than it boughtTwo Ways to Increase a Nations Wealth
Mercantilism = unfair or unbalanced trade
Asian trade routes had dominated global trade prior to 1500s, with West Asia acting as a “middle man” between east and westLong Term Results