How did England gain wealth from mercantilism?

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2026-07-14 18:50

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England gained wealth from mercantilism by establishing a system that favored the accumulation of gold and silver through a favorable balance of trade. This was achieved by exporting more goods than importing, leading to increased national wealth. The English government supported domestic industries and colonies, which provided raw materials and markets for finished products. Additionally, trade monopolies and navigation laws restricted competition and ensured that profits flowed back to England, further enhancing its economic power.

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