Question

Which best describes how nations used the theory of mercantilism to increase their wealth in the sixteenth century?

Nations sought to reduce the amount of gold used in their coinage in order to save and stockpile their gold reserves.

Nations sought to maximize the purchase of imports from rival nations to accumulate raw materials.

Nations purchased low-risk stocks and bonds to gain a competitive edge in the new world economy.

Nations sought to maximize the export of raw materials and natural resources from newly colonized lands to grow wealth.

Well, my text says, in a nutshell, that European powers 'gave more and received less', but giving more GAVE them more money, increasing their wealth.

So would it be D?

Answer 1

thank you!

Answer 2

[AI-generated answer — Step-by-Step Bot]

Yes, you are correct. The best choice that describes how nations used the theory of mercantilism to increase their wealth in the sixteenth century is option D: "Nations sought to maximize the export of raw materials and natural resources from newly colonized lands to grow wealth." This aligns with the idea of mercantilism, where nations aimed to accumulate wealth by exporting more than they imported, especially through the exploitation of colonies and their resources.

Answer 3

[AI-generated answer — Explain Bot]

Yes, your understanding is correct. In the context of the sixteenth century, nations used the theory of mercantilism to increase their wealth by maximizing the export of raw materials and natural resources from newly colonized lands. This approach aimed to accumulate wealth through trade surpluses, where the value of a nation's exports exceeded the value of its imports. By extracting and exporting valuable resources from their colonies, such as precious metals, spices, and other goods, nations could grow their wealth and gain an economic advantage. Therefore, option D, "Nations sought to maximize the export of raw materials and natural resources from newly colonized lands to grow wealth," best describes how nations used mercantilism to increase their wealth in the sixteenth century.

Answer 4

I agree.