As Europeans expanded their market reach into the colonial sphere, they devised a new economic policy to ensure the colonies’ profitability. The philosophy of mercantilism shaped European perceptions of wealth from the 1500s to the late 1700s. Mercantilism held that only a limited amount of wealth, as measured in gold and silver bullion, existed in the world. In order to gain power, nations had to amass wealth by mining these precious raw materials from their colonial possessions. Mercantilists did not believe in free trade, arguing instead that the nation should control trade to create wealth and to enhance state power. In this view, colonies existed to strengthen the colonizing nation.
The above passage speaks about The Origin of the Chinese Lunar New Year.
<h3>What is the Chinese Lunar New Year?</h3>
The story behind the Chinese New Year is a 20th century Legen or Chinese Mythology which states that a beast used to live under the sea or in the mountains.
The beast was said to eat human flesh on Chinese new years day. It was then discovered the same beast was scared of loud noise, fire, red color.
Hence, people began to light fires, paste red colorations on their doors, and light firecrackers all night to scare the beast away. Nian presently is used to refer to "year" or "new year".
See the link below for more about Chinese New Year:
brainly.com/question/576417
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