What were the characteristics of mercantilism? Who had the most power under a mercantilist system?

The underlying principles of mercantilism included (1) the belief that the amount of wealth in the world was relatively static; (2) the belief that a country's wealth could best be judged by the amount of precious metals or bullion it possessed; (3) the need to encourage exports over imports as a means for obtaining.

The most famous and powerful mercantilist corporations were the British and Dutch East India companies. For more than 250 years, the British East India Company maintained the exclusive, royally granted the right to conduct trade between Britain, India, and China with its trade routes protected by the Royal Navy

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