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18 May, 23:56

How did mercantilist nations decrease imports

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  1. 19 May, 00:25
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    Mercantilism was the main economic system of trade utilized from the 16th to 18th century. European nations took several strides to ensure their nations accumulated as much of this wealth as possible. The goal was to increase a nation's wealth by imposing government regulation that oversaw all of the nation's commercial interests. It was believed national strength could be maximized by limiting imports via tariffs and maximizing exports.
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