History & Social Studies

What is mercantilism?

Asked by kade.grantham@bo 12 years ago 7/2/2013 4:40 AM

Last updated by Jill W 5 years ago 10/24/2019 5:13 PM

1 Answers

Answered by Jill W 5 years ago 10/24/2019 5:13 PM

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