Mercantilism's impact on European history, exemplified through the War of the Spanish Succession.
Mercantilism was a prevalent economic theory in Europe from the 16th to 18th centuries that emphasized limited wealth availability and the importance of accumulating bullion. It led to policies promoting a positive balance of trade and economic self-sufficiency through government interventions.
One significant event influenced by mercantilism was The War of the Spanish Succession, where European powers fought over the Spanish throne due to the monarch's death without an heir, highlighting the political and military consequences of mercantilist ideas.
Through mercantilism, European countries aimed to enhance their wealth and power by expanding overseas, establishing trade dominance, and controlling resources, shaping their economic policies and military strategies during that era.
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