How did European nations benefit from mercantilism?
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How did European nations benefit from mercantilism?
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Answer:
Mercantilism went hand in hand with colonization, for colonies played a vital role in this new economic practice. Aside from providing silver and gold, colonies provided raw materials that could not be found in the home country, such as wood or furs. In addition to playing the role of the supplier, the colonies also provided a market. The home country could sell its goods to its colonies.