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The Heritage Of World Civilizations Volume II: Since 1500

Satisfactory Essays

According to the book “The Heritage of World Civilizations Volume II: Since 1500”, mercantilism is an economic system. This system took place during the sixteenth through the eighteenth centuries, widespread trade challenges took place around the world (Text 498). Mercantilism is a term to describe a system where the goal is to increase a nation’s wealth. Financial writers supposed that the only way the nation can increased a better trade stability is by containing gold and silver. The way the government wanted to control the economy was by gathering metals and also by maximizing exports. In order for the nation to be called wealthy they had to have accumulated more precious metal than its enemies. The mercantilist statesmen and also the traders

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