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What was Spain's principal reason for its economic power in the 1500s?

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.


What is the economic theory of mercantilism?

Mercantilism is an economic theory used by Europe in the late 16th to 18th century that introduced government regulations. It is said to be a brainchild of Adam Smith's book, The Wealth of Nations.


Which is the economic system that equates a nations wealth with amount of its gold and silver?

Mercantilism is the economic system that equates a nations wealth with the amount of its gold and silver. Mercantilism was in effect from the 16th to 18th century in France.


How did mercantilism change the way 16th and 17th century leaders responded to trade?

Mercantilism shifted the focus of 16th and 17th century leaders towards state-controlled trade practices aimed at accumulating wealth and resources. Governments implemented protectionist policies, such as tariffs and monopolies, to enhance national power and limit foreign competition. This economic theory encouraged colonial expansion, as nations sought to secure raw materials and markets for their manufactured goods. Overall, mercantilism fostered a more aggressive and strategic approach to trade, intertwining economic interests with national policy.


Who was involved in mercantilism?

Mercantilism is an economic theory of amassing wealth through trade with other countries. It dominated Europe from the 16th to the 18th century. England accumulated massive wealth by passing the Navigation Acts.

Related Questions

What events influenced fashion during the 16th century?

* War * Economic affects * Art


Who are artists from Venice?

16th century: Giorgione, Titian, Veronese, Tintoretto 18th c.: Rosalba Carriera, Tiepolo, Canaletto, Guardi.


What were the main exports in Venice in the 16th century?

pretty sure they pertained to oils, perfumes, spices, wines, and other Mediterranean based economies


What was prussia's religion during the 16th century?

In the 16th century Prussia did not exist as such. Its predecessor was Brandenburg, which was Catholic until the rise of Martin Luther. After the religious split in the second half of the 16th century Brandenburg became a Protestant state.


What was Verona like in the 16th century-what was Verona like in the 16th century?

Verona in the 16th century was a thriving city that experienced cultural and artistic growth, influenced by the Renaissance movement. It was also a center for trade and commerce, benefiting from its strategic location in northern Italy. The city was ruled by the Republic of Venice during this time, which influenced its political and social structure.


What was the doge?

The "meme" for the word doge is a play on the similar word "doggie."A doge was an official, an elected chief lord, notably in Italian city-states from the 11th to 16th century, as in the "crowned republics" of Venice and Genoa.


Which century is 1584?

16th Century


What decade were lace dresses worn?

16th century October.


What was the basic economic and political theory that the 16th and 17th century European powers governed their overseas colonies with?

Mercantilism.


Where was Leonardo da Vinci's workshop located in the 16th century?

He worked for Cesare Borgia in the early part of the 16th century as a military advisor and architectural director, and was lodged in the Belvedere of il Vaticano (The Vatican). He didn't have a true workshop in Rome. His workshop was in Venice during this time period.


What century is 1599 The 16th or the 15th?

That is the last year of the 16th century


What century is 1509?

1509 would be in the 16th century.