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  • 16-08-2021
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why did mercantilists believe that nations should set up overseas colonies?

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minluvpiano
minluvpiano minluvpiano
  • 16-08-2021

Answer:

Mercantilists believed that a nation could build wealth in two ways. It could extract gold and silver from mines at home or in its colonies, or it could sell more goods than it bought from foreign countries, thus creating a favorable balance of trade.

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