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What impact did added capital and mercantilism have upon Europe? National states and countries were formed. Kings became reluctant to find new colonies. Colonies would become wealthier than the mother countries.
Mercantilism is the economic doctrine that says government control of foreign trade is of paramount importance for ensuring the prosperity and security of a state. In particular, it demands a positive balance of trade. [ In thought and practice it dominated Western Europe from the 16th to the late-18th century. ]
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Asked 7/14/2011 11:32:24 PM
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