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26 February, 08:57

What is the historical significance of mercantilism?

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  1. 26 February, 09:18
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    Mercantilism was the theory of trade espoused by the major European powers from roughly 1500 to 1800. It advocated that a nation should export more than it imported and accumulate bullion (especially gold) to make up the difference. The exportation of finished goods was favored over extractive industries like farming.
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