Under the economic system of mercantilism, the merchant class paid taxes to support the armies of their nations. What value did
the governments of these nations provide as a result? A.
They paid for the insurance of the merchants’ ships.
B.
They provided loans to the merchants.
C.
They enacted policies in favor of the merchants.
D.
They paid for the provisions of the merchants’ ships.
C. They enacted policies in favor of the merchants.
Explanation:
We can define mercantilism as the economic policy adopted in Europe during the Old Regime. The absolutist government greatly interfered with the economy of the countries. The main objective of these governments was to achieve as much economic development as possible through the accumulation of wealth. The greater the amount of wealth within a kingdom, the greater its prestige, power, and international respect. For this reason, the government promulgates policies in favor of traders, so that wealth could be accumulated through them.
