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Question

On a separate sheet of paper, answer the questions below. Make sure you read carefully and answer all parts of the questions. How did a new European economic principle—mercantilism-— change the world during the 1500s through the 1800s?

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This principle was guided by the aim of increasing the capital of a country on a balance of payments basis, which exported very little and imported very little. Capital was expressed in precious metals. The principle developed imperialism but was later rejected by economists and introduced a different economic trade that was much more successful.

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