Mercantilism
mercantilism
The theory is called "plutocratic theory", which characterizes a plutocracy.
wealth
A state's power depended on its wealth.
World Cities
mercantilism
Mercantilism
The theory is called "plutocratic theory", which characterizes a plutocracy.
wealth
A state's power depended on its wealth.
Conflict theory is the theory that is oriented toward the economic and political interests of those who are in power. The person or people in charge are those with the most social and economic resources.
World Cities
World cities
Economic Theory
Economic, military, and government leaders
The theory that stated a country's power was measured by the amount of gold and silver it owned is known as mercantilism. This economic theory was popular in Europe from the 16th to 18th centuries and emphasized the accumulation of wealth through trade surpluses, export promotion, and the acquisition of precious metals.
Spain's economic power in the 16th century was the direct result of it's military power which in turn was paid for by the wealth of the New World.