3 years ago

-How did mercantilism affect people in the Old World?

History

1 answer:

Naily [24]3 years ago

6 0

Broadly speaking, Mercantilism was very good for European countries for a while but terrible for their colonies.

Mercantilism made people in the Old World VERY rich.

But, as a result of the imbalance, the relationship between the European countries and their colonies deteriorated making mercantilism good in the short term but bad in the long term.

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