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The mercantilism doctrine thus constrained the resilience of the European economy, which could be attained by society at that time. Horse Farm From Window View Poster Looking back on the European situation at the end of the 16th century, gold, silver, rare animals and plants were brought in massively from new lands, especially South America. If there is a reasonable distribution of wealth, then perhaps social prosperity has been raised significantly since the end of the 16th century. In addition, mercantilistic economic policy inhibits the productivity of the whole society.