Question

3. The idea of mercantilism led to tremenedous competition among countries to acquire as much wealth as possible.

False
True

Answer 1

The idea of mercantilism led to competition among countries for wealth.

Step-by-step explanation:

The idea of mercantilism in history led to significant competition among countries to acquire as much wealth as possible.

Mercantilism was an economic theory that dominated the European trade and colonial policies during the 16th to 18th centuries. It emphasized the accumulation of wealth through trade surpluses, protectionism, and the acquisition of colonies for resources.

This competition among countries, driven by mercantilism, led to conflicts, wars, and the establishment of colonial empires as nations vied for resources and economic dominance.

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