The state-assisted manufacturing and trade practiced by
england in the sixteenth century was k...
History, 16.07.2019 21:30 Supermate11
The state-assisted manufacturing and trade practiced by
england in the sixteenth century was known as
mercantilism. this economic system
resulted in a favorable balance of trade for england, with
greater exports than imports.
failed in england, resulting in a loss of material wealth.
increased wealth levels throughout europe due to
england's increasingly open trade.
was dependent on the use of slave labor for the
production of goods to export.
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