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kotykmax [81]
3 years ago
10

European countries practice an economic system called mercantilism. how did it work?

History
1 answer:
il63 [147K]3 years ago
4 0

Answer:

Explanation:

First popularized in Europe during the 1500s, mercantilism was based on the idea that a nation's wealth and power were best served by increasing exports, in an effort to collect precious metals like gold and silver. Mercantilism replaced the feudal economic system in Western Europe.

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