What were the effects of European states embracing capitalism?

Mercantilism

Economic policy where mother countries aim to accumulate wealth by controlling trade, often through restrictive measures.

Industrial Revolution

Period of significant economic and technological change characterized by the shift to industrialization and mechanized manufacturing processes.

European States

Countries in Europe that were involved in the development and implementation of various economic policies during the 15th to 18th centuries.

Colonies

Territories controlled and exploited by mother countries for resources and economic gain during the mercantilism era.

Raw Materials

Unprocessed resources such as minerals, agricultural products, and other natural materials used in manufacturing goods.