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Robert Kennedy's United States History Class

Read the linked article below and address the following Learning Objective prompt:


According to the historian (author of article) what is wrong with the old mercantilist model to describe the economy of the 1500s to 1800? Why does this matter? Where was most of the "consumer demand" deriving from and why is this an important factor in understanding this economy?


Article: America, the Atlantic, and Consumer Demand: 1500-1800