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Rise of Mercantilism in Europe (apr 26, 1500 – jul 6, 1599)

Description:

Due to the wide success in selling silver to China, Europe popularized mercantilism, which was the belief that national wealth came from gold and silver. This significantly spiked the silver market until it hit the inevitable crash, but represented the global shift of economies slowly modernizing.

Added to timeline:

Date:

apr 26, 1500
jul 6, 1599
~ 99 years