In what way did expansion and global trade during the 15th to 18th centuries affect the economies of European countries?

A. Monarchs used newfound wealth to establish social programs to help support the lower classes.

B. Mercantilism led nations to move imports and exports mainly among their own territories.

C. The demand for skilled craftspeople led to increased slave labor in many European nations.

D. The political alliances formed between countries led to increased international cooperation.

The expansion and global trade during the 15th to 18th centuries affect the economies of European countries as mercantilism led nations to move imports and exports mainly among their own territories.Thus the option (B) is correct.

What is the meaning of Mercantilism?

Mercantilism refers to the theory of economics which helps to generate the wealth and profits from the other nations or at the expense of the other territory. In this Government makes sure that exports must increase over the imports.

At the expansion of the Trade in the globe around 15th to 18th century, they started shifting the exports and imports to their own territory.The European economy was stagnant from 2nd century and the population was increasing.

Thus it led to the shift in the import and export mainly to their territories. Thus the option (B) is correct.

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