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Mercantilism was an economic system of trade that spanned from the 16th century to the 18th century. Mercantilism is based on the principle that the world's wealth was static, and consequently, many European nations attempted to accumulate the largest possible share of that wealth by maximizing their exports and by limiting their imports via tariffs.
By far the most prominent black entrepreneur of the century of was Charles Clinton Spaulding (1874 – 1952), president of North Carolina Mutual Life Insurance Company in Durham North Carolina. It was the nation's largest black-owned business. That’s my thoughts on it, I could be wrong so check in with others too.
Answer:
Education in the Soviet Union was guaranteed as a constitutional right to all people provided through state schools and universities. The education system which emerged after the establishment of the Soviet Union in 1922 became internationally renowned for its successes in eradicating illiteracy and cultivating a highly educated population. Its advantages were total access for all citizens and post-education employment. The Soviet Union recognized that the foundation of their system depended upon an educated population and development in the broad fields of engineering, the natural sciences, the life sciences and social sciences, along with basic education.
Explorers learned more about areas such as Africa and the Americas and brought that knowledge back to Europe.
Massive wealth accrued to European colonizers due to trade in goods, spices, and precious metals.
Methods of navigation and mapping improved, switching from traditional portolan charts to the world's first nautical maps.
New food, plants, and animals were exchanged between the colonies and Europe.
Indigenous people were decimated by Europeans, from a combined impact of disease, overwork, and massacres.
The work force needed to support the massive plantations in the New World, led to a 300 year slave trade that had an enormous impact on Africa.
The impact persists to this day, with many of the world's former colonies still considered the "developing" world, while colonizers are the First World countries, holding a majority of the world's wealth and annual income.
