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mercantilism

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11y ago
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2mo ago

The theory that stated a country's power was measured by the amount of gold and silver it owned is known as mercantilism. This economic theory was popular in Europe from the 16th to 18th centuries and emphasized the accumulation of wealth through trade surpluses, export promotion, and the acquisition of precious metals.

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Q: What theory stated that a country's power was measured by the amount of gold and silver it owned?
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