Mercantilism

Mercantilist Mercantilism is economic theory that the prosperity of the country depends on the supply of gold and silver, the total amount of trade remains the same. This theory suggests that through the use of tariffs in particular, the government should play a positive economic role by encouraging export and suppressing imports. Spain and the United Kingdom use a commercial system to benefit their country. Commercially available systems usually have special provisions to elicit reactions from colonies.

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.

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.

Between the 17th and 18th centuries, the economic theory Britain used for its empire was called mercantilism. The idea behind Mercantilism is to accumulate wealth through a favorable trade balance or to export more items than imports. In the opinion of Mercantilists, colonies are the source of raw materials and are thought to be the market of manufactured goods. Commercial theory seems to prosper between the UK and colonies, but the potential anger of colonies and their adverse effects eventually led to failure.