16th Century

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August 24, 2024 4 min read Definitions
Mercantilism: The Dominant Economic System of the 16th to 18th Centuries
Economics History Mercantilism Economic History 16th Century Trade Wealth
Mercantilism was the primary economic system of trade between the 16th and the 18th centuries, characterized by the belief that the amount of wealth in the world was static, leading to policies aimed at accumulating wealth through a favorable balance of trade.
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