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Q: What was the economic system prevailing in Europe in the 1500s and 1600s which favored a balance of exports over imports with a focus of wealth measure by gold and silver?
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Continue Learning about History of Western Civilization

Reason western powers favored appeasement?

Western powers favored appeasement because of the disillusionment with war, and did not want any other war after the WWI.


What is the history of the mercantilist school?

Mercantilism, The economic system of the major trading nations during the 16th, 17th, and 18th cent., based on the premise that national wealth and power were best served by increasing exports and collecting precious metals in return. It superseded the medieval feudal organization in Western Europe, especially in Holland, France, and England. The period 16-17th century was one of religious and commercial wars, and large revenues were needed to maintain armies and pay the growing costs of civil government. Mercantilist nations were impressed by the fact that the precious metals, especially gold, were in universal demand as the ready means of obtaining other commodities; hence they tended to identify money with wealth. As the best means of acquiring bullion, foreign trade was favored above domestic trade, and manufacturing or processing, which provided the goods for foreign trade, was favored at the expense of the extractive industries (e.g., agriculture). State action, an essential feature of the mercantile system, was used to accomplish its purposes. Under a mercantilist policy a nation sought to sell more than it bought so as to accumulate bullion. Besides bullion, raw materials for domestic manufacturers were also sought, and duties were levied on the importation of such goods in order to provide revenue for the government. The state exercised much control over economic life, chiefly through corporations and trading companies. Production was carefully regulated with the object of securing goods of high quality and low cost, thus enabling the nation to hold its place in foreign markets. Treaties were made to obtain exclusive trading privileges, and the commerce of colonies was exploited for the benefit of the mother country. In England mercantilist policies were effective in creating a skilled industrial population and a large shipping industry. Through a series of Navigation Acts, in English history, name given to certain parliamentary legislation, more properly called the British Acts of Trade. The acts were an outgrowth of mercantilism , and followed principles laid down by Tudor and early Stuart trade regulations. England finally destroyed the commerce of Holland, its chief rival. As the classical economists were later to point out, however, even a successful mercantilist policy was not likely to be beneficial, because it produced an oversupply of money and, with it, serious inflation. Mercantilist ideas did not decline until the coming of the Industrial Revolution. Henry VIII, Elizabeth I, and Oliver Cromwell conformed their policies to mercantilism. In France its chief exponent was Jean Baptiste Colbert.


How tall was Gladiator Maximus?

Gladiators in Rome were wussies: On average, they were 3-4 feet tall. (Basically, they were even shorter than Napoleon.) But Gladiators in Greece had higher levels of testosterone, and averaged 7-8 feet tall. (Almost as tall as Hagrid the Keeper of Keys.) I hope this answers your question.


What did people in the Middle Ages drink?

The same things their parents drank! Children would even drink the alcoholic beverages left in their parents glasses and get drunk. Back then, people did not realize that children can be poisoned much more easily than adults, and that they should not eat and drink everything that an adult does. But they also had non alcoholic drinks which were mostly drank by the children.blah blah blah what?haha mad scaredy pants u f*ck


Why did the Romans try to stop the spread of Christianity?

The Romans did not try to stop the spread of Christianity. There were alternations between periods of toleration and periods of persecution. Some Roman emperors thought that Christianity was a threat to the Roman state because many bureaucrats and soldiers converted to Christianity. The Romans saw their state as being interlinked with Roman Religion. The persecutions were aimed mainly at the civil service and the Christian clergy, rather than Christianity as such. The last and worse persecution, the Great Persecution, failed because it was difficult to implement, because of the resistance of the Christians and because it undermined the stability of the empire. After that, the emperors endorsed Christianity, favored it over other religions and promoted it. Eventually, Christianity became the state religion of the empire. With imperial support, the spread of Christianity accelerated.

Related questions

What economic group favored Hamilton's program?

Federalists


Did president Wilson favored the establihment of democratic governments in latin America?

No. He favored governments that were aligned to American economic interests.


What economic system was favored by small business owners?

The Free Market


Did the south had all the economic advantages during the civil war?

Most advantages, economic and otherwise, favored the North


American business leaders favored expansion in order to?

Solve the economic problem of overproduction


Republican economic policies strongly favored?

southern sharecroppers. Try the rich. Democrats favor them as well, after a veneer of fairness.


Why have politicians always favored using subsidies to promote certain economic activities?

They can be treated as "benefits" that can be spread widely in response to many demands.


Republican reconstructionists who favored a more rapid restoration of southern state governments and opposed radical plans for drastic economic transformation of the South?

Moderates


What ideological perspectives are favored by giant media conglomerates?

Nationalism in economic and military spheres in order to funnel the State's 'message' through news, movies, etc.


Are the products favored over the reactants or the reactants favored over the products?

keq3.5: products favored keq0.003: reactants favored


Why might Soviet economic planners have favored heavy industry over the the markers of consumer goods?

the products of heavy industry provided material for many other industries


Why might soviet economic planners favored heavy industry over the makers of consumer goods?

The products of heavy industry provided material for many other industries.