0
1000
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What did mercantilists believe that a country had to do to become wealthy and powerful?
Mercantilism is the idea that there is only a limited amount of wealth in all the world. During the Age of Exploration (1492-1700), Europeans set out to conquer other places in the world so all that wealth will become theirs and they could rule as the most powerful. Mercantilists believed that to become wealthy and powerful, a country had to export more than it imported. Brenda G. During the age of Mercantilism even small countries such as the Netherlands and Portugal became world powers from the increase in trade, exploration and exploitation of natural resources. This wealth created by a positive balance of trade enabled these, and other countries to become military powers as well, relative to their landlocked neighbors and the undeveloped regions they exploited. The political economy was based upon the simple premise to "buy low and sell high", as resources like gold in the Americas or spices from the East were obtained cheaply and sold in Europe for a larger amount. This practice was brought about by advances in marine technology and ship building in the 15th century. But as countries like Great Britain refined products like wool, cotton, wood, etc. via technological advances and financial innovations associated with Capitalism, those countries that relied on Mercantilism, that benefited the aristocracy in particular, nations like Spain and Portugal began to decline by the 18t century.
Causes of globalisation?
What explains this globalization? It is certainly not attributable to conquest, the source of most previous historical episodes where a single economic system has held sway over a vast geographical terrain. The source lies instead in the development of technology. The costs of transport, of travel, and above all the costs of communicating information have fallen dramatically in the postwar period, almost entirely because of the progress of technology. A 3-minute telephone call from the USA to Britain cost $12 in 1946, whereas today it can cost as little as 48 cents, despite the fact that consumer prices have multiplied by over eight times in the intervening period. The first computers were lumbering away with piles of punched cards in the early postwar years, and telegrams provided the only rapid means of written communication. There was no fax or internet or e-mail or world-wide web, no PCs or satellites or cell-phones. Today we witness phenomena that no futurist dreamed of half a century ago, such as Indians with medical degrees residing in Bangalore who earn a living by acting as secretaries to American doctors by transcribing their tapes overnight. It is clearly the availability of cheap, rapid and reliable communications that permits such phenomena, just as this is the key to the integration of the international capital market. I presume the same factor is important in nurturing the growth of multinational corporations, since it is this which enables them to exploit their intellectual property efficiently in a variety of locations without losing the ability to maintain control from head office. But in this context I would surmise that other factors are also at work, such as the spread of consumer knowledge about what is available that comes from travel and from advertising, itself encouraged by the communications revolution and its children like CNN. The reduction in transport costs is also a key factor underlying the growth in trade. Of course, it needed a reasonably peaceful world to induce economic agents to exploit the opportunities for globalization presented by technological progress. But the technological basis for the phenomenon of globalization implies that, barring an end to the "Pax Americana" or else extremely vigorous conscious actions to reverse the process, globalization is here to stay.
How much is a 1492 1 dollar bill worth?
There wasn't even a U.S., let alone dollars, in 1492. If you mistyped and meant 1942, the U.S. didn't print any bills with that date. Either way, please check again and post a new question.
How much is a bahamian dollar bill from 1492 worth?
Nothing. It is a fake.
How much is this coin worth qvinto centenario 1492-1992?
12.00
What is a 1492 gold coin worth?
The answer could vary a LOT depending on the country it's from.
When did Columbus reach the New World?
October 12th 1492
What date did Christopher Columbus explore?
The year 1492 The year 1492
When did Columbus sail across the Atlantic Ocean?
In 1492 christopher Colubus sailed across the Atlantic ocean. Please do not get rid of this answer it is true and its my first time answering. Thanks
When did columbus discover the Americas?
1492
When were the Moors driven out of Spain?
The Moors were driven out of Spain in 1492.
What is the sum of 1776 plus 1492?
The sum of 1776 plus 1492 is 3276.
What year did columbus sail america?
its 1492
1492 is in what century?
1492 is in the 15th Century.
