2. Mercantilism (nov 3, 1500 – mar 10, 1750)
Description:
Mercantilism was the dominant European economic philosophy. This was the link between the government and the economy. The colonies were the sources of raw materials, which made European countries very rich. European countries thought that wealth was power and a nation's status was measured by wealth.(Key Concept 1.2, I)
Added to timeline:
Date:
nov 3, 1500
mar 10, 1750
~ 249 years