As imperial powers began turning away from mercantilism, what was the new economic system that did not apply governmental interference and allowed trade unhindered by tariffs?

A. Barter Trade
B. Free Trade
C. Socialism
D. Navigation System

Free Trade emerged as the new economic system that replaced mercantilism and allowed trade unhindered by tariffs. This approach, advocated by thinkers like Adam Smith, promotes trade liberalization and benefits both individuals and countries. Unlike mercantilism, free trade emphasizes the advantages of open markets and reduced governmental interference in international trade.

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As imperial powers began turning away from mercantilism, what was the new economic system that did not apply governmental interference and allowed trade unhindered by tariffs?A. Barter Trade B. Free Trade C. Socialism D. Navigation System

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As imperial powers began turning away from mercantilism, what was the new economic system that did not apply governmental interference and allowed trade unhindered by tariffs?

A. Barter Trade
B. Free Trade
C. Socialism
D. Navigation System