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Nutka1998 [239]
3 years ago
7

The Navigation Acts and the Trans-Atlantic trade were all a part of what European economic theory?

Social Studies
1 answer:
DaniilM [7]3 years ago
6 0

Answer:

Mercantilism

Explanation:

The economic system of trade that lasted from 16th century till 18th century is called Mercantilism. It was based on the concept that a nation's power and wealth were best served by increasing the exports, hence it relied on increasing trade.

It was employed by most countries of western Europe- Portugal, Italy, Spain, France, Netherlands and Germany.

Mercantilist regulations were removed during 18th and 19th century and was replaced by laissez-faire economics and free trade.

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