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Define The Term Mercantilism And Explain Its Significance For The British Colonial Policy (Essay Sample)


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Mercantilism and the British Navigation Act
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September 8, 2017
Mercantilism is both an idea and an economic policy which was popularized during the 16th to 18th century, or during the age of colonization. More specifically, mercantilism as an idea believes that the wealth in this world is “static” and thus, in order for an empire to continue to flourish and the survive it must accumulate as much wealth as possible (, n.d.). However, while this is simply a concept, the Navigation Act paved the way for its realization in a global scale as British imposed these into their colonies (, n.d.). According to the (n.d.), the Navig

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