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Question about European Maritime Expansion: Mercantilism

History

Originais Teachy

European Maritime Expansion: Mercantilism

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(Originais Teachy 2024) - Question Easy of History

During the period of European Maritime Expansion, the search for new trade routes, the accumulation of wealth, and the competition among monarchies developed under the auspices of an economic system known as mercantilism. This system maintained that a nation's wealth and power were directly linked to the amount of precious metals it held and its ability to export more than import. Portugal and Spain, pioneers in this movement, extensively explored maritime routes and conquered vast territories. From this perspective, historian John Smith, in his classic study on mercantilism, states that 'the competition among European maritime powers not only drove the great navigations but also reshaped economic, political, and cultural relations on a global scale.' Based on this statement and your knowledge:

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