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Mercantilism (view source)

Revision as of 14:13, January 12, 2007

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Mercantilism was a policy for a nation to increase its wealth based on trade with other nations and terrirories.
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Mercantilism was a policy for a nation to increase its wealth based on exporting more goods to other nations and territories than importing from them.  An excess of exports over imports increased the balance of trade and the acquisition of gold by the nation.  Also, acquiring and using colonies to supply raw materials and provided foreign markets was a key aspect of mercantilism.
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