How did the system of mercantilism encourage the development of free market
capitalism in Europe and the Americas?
The indigenous people that
explorers encountered in
the Americas did not use
money, so the use of the
barter system Increased,
2
The increase in
International trade created
opportunities for ship
owners and merchants to
create their own
businesses in Europe,
The establishment of
colonies prevented
European settlers from
becoming landowners
in the Americas
Conflicts between
European nations
competing for access
to raw materials
increased, so sales of
weapons skyrocketed,