The Western World in Africa before 1800 The Mercantilist Period of European Contact

The mercantilist period in European economic history:
-<Tab/>The era of merchant capital as opposed to industrial capital
-<Tab/>Merchant capital depends for its growth on the connections between different social and productive systems, e.g. profits from trade.
-<Tab/>This kind of capital grew and developed in the trade between the vastly different cultural, religious, political and economic systems of East( China, India, Japan) and West( Europe).
-<Tab/>Merchant capital involves "mastering the connections" between different worlds:…