What was the primary aim of mercantilism as practiced by the Europeans?
A) To secure financial rewards for the entrepreneurs.
B) To allow the impoverished a chance to rise in society.
C) To bring maximum income to the royal throne.
D) To secure a favorable balance of foreign trade.
E) To develop a wide range of products for export.

Question

Quizplus · Accepted Answer

The primary aim of mercantilism practiced by the Europeans was to secure a favorable balance of foreign trade, meaning that a country should export more than it imports in order to accumulate wealth and power. This was done in order to increase the gold and silver reserves of the ruler/monarch and the country, which was believed to be the key to power and self-sufficiency.

What Was the Primary Aim of Mercantilism as Practiced by the Europeans