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Mercantilism was an economic theory and practice that dominated Europe during the 16th to 18th centuries, especially during the rise of the modern West. It was closely tied to the emergence of nation-states and colonial empires. The central idea of mercantilism was that the wealth of a nation depended on the accumulation of precious metals, primarily gold and silver. ________ _______ _______ __________ _____ __________ ____ _____.
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