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- Mercantilism was an economic theory that promoted the accumulation of wealth by restricting trade and favouring exports over imports. Mercantilism ended in the late 18th and 19th centuries due to several factors1234, such as:
- The American Revolution, which was partly caused by the colonists' resentment of mercantilist policies1.
- The rise of free trade and laissez-faire ideas, which challenged the mercantilist view of trade as a zero-sum game23.
- The abolition of industrial regulations, monopolies, and tariffs, which opened up the British market to foreign competition24.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.During Great Britain's mercantilist period, colonies faced periods of inflation and excessive taxation, which caused great distress. Angry and frustrated American colonists revolted against the British, which led to the American Revolution and the end of mercantilism.www.investopedia.com/ask/answers/041615/how-d…Mercantilism fell out of favour as an economic theory beginning in the late 18th century. The repeal of the Corn Laws and the Navigation Acts in the mid-19th century permanently ended mercantilist practices in the British Empire.www.timesmojo.com/when-did-mercantilism-start-a…Mercantilism was finally challenged by advocates of "laissez-faire" who argued that international and domestic trade were both important, and that it was not the case that one country must grow wealthy at the expense of another. As this and other economic ideas arose throughout the nineteenth century, the mercantilist view was superseded.www.newworldencyclopedia.org/entry/MercantilismBy 1860 England had removed the last vestiges of the mercantile era. Industrial regulations, monopolies, and tariffs were abolished, and emigration and machinery exports were freed. In large part because of its free trade policies, England became the dominant economic power in Europe.www.econlib.org/library/Enc/Mercantilism.html - People also ask
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Mercantilism - Wikipedia
Adam Smith, David Hume, Edward Gibbon, Voltaire and Jean-Jacques Rousseau were the founding fathers of anti-mercantilist thought. A number of scholars found important flaws with mercantilism long before Smith developed an ideology that could fully replace it. Critics like Hume, Dudley North and John Locke … See more
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