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Explain how competition for land (or colonies) in the New World was an economic competition between the European nations?

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  1. Today, 04:06
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    It was a competition because the economic system that most European countries at that time was called mercantilism, the belief that a country's power is based on its wealth or gold. If my country had a lot of colonies in the New World, we would get more wealth, and therefore, we would be more powerful.
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