The state-assisted manufacturing and trade practiced by England in the sixteenth century was known as mercantilism. This economic system resulted in a favorable balance of trade for England, with greater exports than imports. failed in England, resulting in a loss of material wealth. increased wealth levels throughout Europe due to England’s increasingly open trade. was dependent on the use of slave labor for the production of goods to export.
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The state-assisted manufacturing and trade practiced by England in the sixteenth century was known a...
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