History & Social Studies

What is mercantilism?

Asked by kade.grantham@bo on 02 Jul 04:40

Last updated by Jill W on 24 Oct 17:13

1 Answers

Answered by Jill W on 24 Oct 17:13

Mercantilism is an economic system in which nations increase their wealth and power by obtaining gold and silver, as well as by establishing a favorable balance of trade.

Source(s)

Creating America, pg. 61