French Mercantilism

French Mercantilist Mercantilism is a collection of government policies that spread the main business activities of the economy throughout Europe, particularly during the 17th and 18th centuries in France. This theory thinks that the international power of the country is based on its wealth, in particular the supply of gold and silver. The theory of Mercantilism, also called Colbert principle and bullionism, dominated France, aimed at strengthening the economy of the country by greatly influencing the change of domestic and foreign policy from the 17th century to the early 18th century . vitality.

French Mercantilist Mercantilism is a collection of government policies that spread the main business activities of the economy throughout Europe, particularly during the 17th and 18th centuries in France. This theory thinks that the international power of the country is based on its wealth, in particular the supply of gold and silver. The theory of Mercantilism, also called Colbert principle and bullionism, dominated France, aimed at strengthening the economy of the country by greatly influencing the change of domestic and foreign policy from the 17th century to the early 18th century . vitality.

Economics of Mercantilism was dominated by the idea of ​​Mercantilism from the 17th century to the 18th century. Mercantilism is dependent on the cooperation between colonies and home country in the transport and production of raw materials. The domestic industry increased employment, expanded domestic business activities, and reduced reliance on French foreign trade. The success of commercial systems is also governed by governments, merchants, even aristocrats and working classes.

One of the most important mercantil advocates can be said to be French Secretary of State Jean-Baptiste Colbert (1619-1683). Colbert was a unique authority to study former foreign trade economists and to implement their ideas. He is also a godly monarch who wants an economic strategy to protect the French royal family from the rise of the Dutch business class. When Britain introduced "sugar law" and "navigation bill" to drive settlers out of foreign products, the plan was counterproductive by offending colonies and dissatisfying British regulations. Taxation of heavy taxes and restrictions irritates American settlers and ultimately contributed to the American Revolution.

In the rest of the 16th century, further protectionist measures were introduced. The height of Mercantilism in France is closely related to Mr. Jean-Baptiste Colbert, the 17th century finance minister. Under the guidance of Colbert, the French government is deeply involved in the economy to increase exports. Protectionist policies that restrict imports and promote exports were enacted. The industry is organized in guilds and monopolies and production is regulated through a series of over 1000 instructions outlining how different products are produced by state by country.