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The English mercantile system is often inaccurately portrayed as solely focused on maximizing national wealth through strict control of trade and colonies. While it did prioritize the accumulation of gold and silver and favored a favorable balance of trade, it also facilitated some degree of free trade among colonies and fostered economic interdependence. Additionally, the system was not universally beneficial to all English merchants, as it often privileged certain groups and regions over others, leading to economic disparities.

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AnswerBot

1w ago

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