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Mercantilism developed at a time when the European economy was in transition. Isolated feudal estates were being replaced by centralized nation-states as the center of power. Changes in shipping and the growth of urban areas led to an increase in international trade. Mercantilism focused on how this trade could best help the colonies...
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Mercantilism developed at a time when the European economy was in transition. Isolated feudal estates were being replaced by centralized nation-states as the center of power. Changes in shipping and the growth of urban areas led to an increase in international trade. Mercantilism focused on how this trade could best help the colonies...
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