mercantilism Article

Which countries practiced mercantilism?

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The primary countries that employed mercantilism were of western Europe—France, Spain, Portugal, Italy, and Britain, as well as Germany and the Netherlands. Since colonies were regarded as existing for the benefit of their mother countries, the colonized parts of North America, South America, and Africa were involuntarily involved with mercantilism and were required to sell raw materials only to their colonizers and to purchase finished goods only from their mother countries.