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31 March, 03:02

Identify the causes and motivations of the the british mercantile system which one is the most significant and why

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  1. 31 March, 03:54
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    The mercantile system with emphasis on the British one was a system which arose mainly with the birth of capitalism in Europe in the 16th century and lasting to about the 18th century in which nations like Britain and Spain acquired colonies in the New World and tried to maximize trade beneficial to themselves at the expense of the colonies and to accumulate gold and silver from these colonies (especially in the case of Spain). Much of the impetus for the strength of mercantilism in Britain came from competition with the much larger Spanish Empire.
  2. 31 March, 06:18
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    Mercantile system is the economic system of trade used from the 16th to 18th. According its theory the amount of wealth in the world was static. The British Mercantile system was one of the most famous mercantile system. The motivation was England to to grow in wealth and self-sufficiency, increased political power, increased private wealth. The main motivation however was England to be the first trade power and other countries to be excluded.
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