Describe, in at least two paragraphs, the economic policy of mercantilism and the role overseas colonies played within the system.

Question

History

Guest

6 March, 20:32

Describe, in at least two paragraphs, the economic policy of mercantilism and the role overseas colonies played within the system.

+2

Answers (1)

Know the Answer?

Kamila Drake · Answer 1

Mercantilism is an economic theory designed to maximize the wealth of a nation through accumulation of gold and silver as well as through protectionism. Mercantilism depended on colonies abroad to serve as demand for manufactured goods and also to provide raw materials and other resources