European monarchs adopted a new policy of mercantilism. What two (2) ways were the wealth of a nation measured? (420)(1 point) Responses Cash Crops Cash Crops Silver Silver Gold Gold Navigational Tools
The two ways in which the wealth of a nation was measured under the policy of mercantilism were:
1) The accumulation of precious metals, particularly gold and silver. Monarchs believed that a nation's wealth could be increased by acquiring and hoarding these precious metals.
2) The balance of trade. Monarchs aimed to have a favorable balance of trade, meaning that they wanted to export more goods than they imported. This was believed to bring in more wealth and increase the economic power of the nation.