The 17^th and 18^th centuries have frequently been termed the age of mercantilism because the power of nations depended directly on the sponsorship and control of merchant capital,which expanded under the direct subsidization and protection of national governments.

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The 17^th and 18^th centuries have frequently been termed the age of mercantilism because the power of nations depended directly on the sponsorship and control of merchant capital, which expanded under the direct subsidization and protection of national governments.

The 17th and 18th Centuries Have Frequently Been Termed the Age

The 17^th and 18^th Centuries Have Frequently Been Termed the Age