Well that would likely hinder the trade for such nation, like China. China has a TON of industry, and what would happen of it couldn't reach outside its borders? The economy would plummet! It would weaken every aspect of the nation.
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Use of machinery with the division of labour reduced the required skill level of workers and also increased the output per worker. The factory system was first adopted in Britain at the beginning of the Industrial Revolution in the late eighteenth century and later spread around the world.
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During the Middle Ages, the Catholic Church exerted enormous power over Europe. The Church influenced governments, waged wars and levied taxes. Although some actions, such as the Medieval Inquisition, are controversial today, the Catholic Church also established universities and hospitals, instigated positive social change and paved the way for economic growth.
Answer: El mercantilismo en Gran Bretaña consistió en la posición económica de que, para aumentar la riqueza, sus colonias serían proveedoras de materias primas y exportadoras de productos terminados. El mercantilismo provocó muchos actos de lesa humanidad, incluida la esclavitud y un sistema de comercio desequilibrado.
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