Choose whether you want to support or reject mercantilism? And why?

Social Studies

1 answer:

ycow [4]2 years ago

5 0

Answer:

I reject it

Explanation:

The main purpose of Mercantilism is to maximize the exports of products made in one country while minimizing the imports at the same time. This is a very efficient method for a country to accumulate wealth.

But, this practice was what leading to the colonization period.

IN order to minimize import, European countries at that time attack and colonize smaller countries. They extract the resources from them and use it to sustain their own economy. Even though this made European countries gained wealth, it caused a massive economic destruction to the area they colonized.

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