Question

What was implied by mercantilism, which grew with the transatlantic trade route? (1 point)

Answer 1

One implication of mercantilism, which grew with the transatlantic trade route, was the belief that the wealth and power of a nation depended on accumulating as much bullion (gold and silver) as possible. This belief led to the establishment of colonies to secure access to raw materials and markets, and the practice of exporting more than importing to maintain a favorable balance of trade.