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Mercantilism, with its focus on strengthening national economies through trade surplus and accumulation of wealth, laid the groundwork for industrialism by promoting the establishment of colonies and global trade networks. This system encouraged innovation and investment in production methods to maximize exports and minimize imports. As nations sought to enhance their economic power, they developed technologies and infrastructure to support increased production, ultimately leading to the Industrial Revolution. The demand for goods and resources spurred advancements in manufacturing, transportation, and labor organization, transitioning economies from agrarian to industrial.
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What did mercantilism lead to?
Mercantilism lead to the catalog sales book. People that did not find what they wanted in the mercantile store, could order it out of a catalog. The first such catalog of this type was printed by the Sears Roebuck Company.
How did the idea of mercantilism lead to the age of exploration?
because trading was happening
How did exploration and colonialism lead to the growth of capitalism market economy and mercantilism?
When the people went to explore, they found spices, plants, animals, and food. So these items led to producing a market economy, supply and demand, capitalism, and mercantilism.
How did the physiocrats feel about mercantilism?
They hated the mercantilism
Why did Adam smith Criticize British mercantilism?
Adam Smith criticized British mercantilism for its emphasis on state control and regulation of the economy, which he believed stifled individual enterprise and innovation. He argued that mercantilism prioritized the accumulation of gold and silver over the actual production of goods and services, leading to inefficiencies. Smith advocated for free markets and competition, proposing that these would lead to greater wealth and prosperity for society as a whole, contrary to the restrictive practices of mercantilism.
What did mercantilism lead to?
Mercantilism lead to the catalog sales book. People that did not find what they wanted in the mercantile store, could order it out of a catalog. The first such catalog of this type was printed by the Sears Roebuck Company.
How did the idea of mercantilism lead to the age of exploration?
because trading was happening
Why is industrialism a continuing concern of society?
Industrialism is a continuing concern of society because it has led to the growth of cities and the rise of the working class. Industrialism has also resulted in the pollution of the environment and the exploitation of workers.
Was opposed to mechanization and industrialism?
Luddites
What does industrialism mean?
economic activity
How did exploration and colonialism lead to the growth of capitalism market economy and mercantilism?
When the people went to explore, they found spices, plants, animals, and food. So these items led to producing a market economy, supply and demand, capitalism, and mercantilism.
What was a factor in the rise of the realism movement?
Industrialism
How did the physiocrats feel about mercantilism?
They hated the mercantilism
What were the reaction given by the church on industrialism?
Ethey were against it!
Which change in the West was brought about by railroad expansion?
Industrialism
What were the reactions given by the church on industrialism?
Ethey were against it!
Which of these was an effect of industrialism?
There was an increased need for housing in cities.
