All categories

3 years ago

Why was mercantilism important to the European nations

2 answers:

5 0

Mercantilism was important to European nations because they wanted to accumulate the largest possible share of their wealth by maximizing exports to their countries and decreasing their exports through tariffs.

Further Explanation:

It was during the age of European Exploration when the countries from Europe acquired a new policy related to their economy which was known as ‘Mercantilism’. According to mercantilism, The power of the country is mainly dependent on the wealth that country possesses as wealth was the reason which allowed nations to build strong relations with other countries and purchase vital goods that were important for the country and because of this theory, every nation became more serious to gain as much wealth as possible.

According to mercantilism, a country can gain its wealth in two ways. First to have ample amount of gold and silver in its reserves and secondly, they can do a fair amount of trading with other nations which meant selling more goods than to buy it. The main motive of mercantilism was that a country should be sufficient enough to fulfill all required means and it should not be dependent on any other country.

Learn More:

1. How did explorers from France play an important role in the colonization of the southeastern united states?

brainly.com/question/10878206

2. How did Europe's desire for an ocean route to Asia shape its contacts with Africa?

brainly.com/question/4780855

Answer Details:

Grade: High School

Chapter: Mercantilism

Subject: History

Keywords: Mercantilism, Europe, Trading, Gold, Silver, Dependent, Sufficient, Purchase, Import, Export, Relations.

Harlamova29_29 [7]3 years ago

4 0

It stimulated national economy.

You might be interested in

Which option evaluates how the Bill of Rights addressed Anti-Federalist concerns about establishing a strong central government?

jeka94

The Anti-federalists wanted the Bill of Rights included as a safeguard to individual liberty. So, the last option.

7 0

3 years ago

Read 2 more answers

What do the orphans’ definition of Jews say about their society’s ideals about Jewish people? The book is called Milkweed chapte

Angelina_Jolie [31]

Answer:There are deep divisions in Israeli society over political values and religion's role in public life -- not only between Jews and the Arab minority

Explanation:

3 0

2 years ago

What preparations did the colonists perform prior to the battle of Bunker Hill

Alona [7]

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

The preparations that the colonists performed prior to the battle of Bunker Hill were the following.

The colonists were very aware of the imminent attack of the English troops. So Colonel William Prescott prepared the colonists to defend the hills that surrounded the town. At the very top of Beed Hill, almost 1000 colonists decided to build some walls and fortifications to impede the march of the British soldiers that came from the city of Boston.

The Battle of Bunker Hill was fought on Jule 17, 1775, and although the British won the Battle, they had many casualties against an inexéienced army And this represented a moral victory that gave confidence to the colonists.

8 0

2 years ago

Why did African Americans move to the far west

ratelena [41]

the Great Migration was the desire of black Southerners to escape segregation, known euphemistically as Jim Crow. Rural African American Southerners believed that segregation - and racism and prejudice against blacks - was significantly less intense in the North

8 0

3 years ago

What new information did scientist learn from cashel man

Mrrafil [7]

Answer:

The real surprise with Cashel Man is his age, being 1,500 years older than the other significant finds. But he may not be the last. As the midland bogs are depleted, the scientists believe they could find other bodies of a similar age.

8 0

1 year ago