Why did the theory of mercantilism motivate European monarchs to sponsor explorers?

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asked Aug 15, 2023 97.8k views

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Asmor · Answer 1 · 2023-08-22T09:57:05+0000

Answer:

According to mercantilism, the prosperity of a nation depends on its supply of gold and silver. Thus, explorers were sent out to look for more sources of these rare metals.

Why did the theory of mercantilism motivate European monarchs to sponsor explorers?

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