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What do mercantilists believe a country should do?
A colony or territory should benefit the "mother" nation. Should be more imports than exports. Hard cash (gold, silver) is most valuable.
What did mercantilists believe was necessary for a country to become wealthy and powerful?
Mercantilists believed that to become wealthy and powerful, a country needed to accumulate precious metals, particularly gold and silver, through a favorable balance of trade. They argued that nations should export more than they import, thereby generating trade surpluses. Additionally, mercantilists promoted government intervention in the economy, including tariffs and subsidies, to protect domestic industries and enhance national strength. Overall, they viewed wealth as a zero-sum game, where one nation's gain was another's loss.
What did a country have to do in order to become wealthy and powerful according to mercantilists?
According to mercantilists, a country had to accumulate wealth primarily through a favorable balance of trade, meaning it should export more goods than it imports. This involved establishing and maintaining strong manufacturing sectors, securing colonies for resources and markets, and implementing protectionist policies to shield domestic industries from foreign competition. Additionally, mercantilists believed that increasing national reserves of gold and silver was essential to bolster a nation’s power and influence.
Why did mercantilists believe that nations should set up overseas colonies?
Mercantilism is an economic system that requires two distinct political entities to exist. It requires a metropole, which is the main part of the country and where the leadership sits. It also requires colonies, which are distant regions with unique resources that can transfer these unique resources to the metropole.In order to create this kind of relationship, leaders from the metropole must create colonies in distant lands in order to extract these resources. This is why mercantilism necessarily leads to colonialism. Note that this form of colonialism can exist within large empires as well. The Russian expansion into Siberia and Central Asia in the 1700s and 1800s mirrors the Western European creation of colonies in the Americas and this expansion was done with the purpose of extracting raw materials that were present in these territories.
How did smith's on international trade differ from those of mercantilists?
Adam Smith's approach to international trade differed from that of mercantilists primarily in his advocacy for free trade and the benefits of specialization. While mercantilists believed in accumulating wealth through a positive balance of trade and government intervention, Smith argued that trade should be based on comparative advantage and voluntary exchange. He posited that countries should focus on producing goods they can make most efficiently, leading to overall economic growth and mutual benefits rather than zero-sum competition. This shift emphasized the importance of market forces over state control in fostering economic prosperity.
What do mercantilists believe a country should do?
A colony or territory should benefit the "mother" nation. Should be more imports than exports. Hard cash (gold, silver) is most valuable.
What did mercantilists believe was necessary for a country to become wealthy and powerful?
Mercantilists believed that to become wealthy and powerful, a country needed to accumulate precious metals, particularly gold and silver, through a favorable balance of trade. They argued that nations should export more than they import, thereby generating trade surpluses. Additionally, mercantilists promoted government intervention in the economy, including tariffs and subsidies, to protect domestic industries and enhance national strength. Overall, they viewed wealth as a zero-sum game, where one nation's gain was another's loss.
What did the monroe doctrine declare?
that the nations of Europe should not establish any new colonies in the Western Hemisphere.
What did a country have to do in order to become wealthy and powerful according to mercantilists?
According to mercantilists, a country had to accumulate wealth primarily through a favorable balance of trade, meaning it should export more goods than it imports. This involved establishing and maintaining strong manufacturing sectors, securing colonies for resources and markets, and implementing protectionist policies to shield domestic industries from foreign competition. Additionally, mercantilists believed that increasing national reserves of gold and silver was essential to bolster a nation’s power and influence.
What is Mercantilists?
a policy based on on the idea that a country should sell more goods than it buys
Why did mercantilists believe that nations should set up overseas colonies?
Mercantilism is an economic system that requires two distinct political entities to exist. It requires a metropole, which is the main part of the country and where the leadership sits. It also requires colonies, which are distant regions with unique resources that can transfer these unique resources to the metropole.In order to create this kind of relationship, leaders from the metropole must create colonies in distant lands in order to extract these resources. This is why mercantilism necessarily leads to colonialism. Note that this form of colonialism can exist within large empires as well. The Russian expansion into Siberia and Central Asia in the 1700s and 1800s mirrors the Western European creation of colonies in the Americas and this expansion was done with the purpose of extracting raw materials that were present in these territories.
Should nations have the freedom to develop nuclear weapons?
Any answer to this question would be pure opinion, but I sincerely believe that nations should not have the freedom to develop nuclear weapons. The more nations that have them, the more likely it becomes that they will be used.
What would support the statement nations with colonies are more powerful than those without since power is needed for survival nations should create large empires?
A Social Darwinist PLATO PALS .
The US and Great Britain believe the liberated nations of Eastern Europe should do what?
To Hold free elections and determine their futures :)
Why did the those living in the thirteen colonies believe they were entitled to the bill of rights?
Because they believed they should have a government speak for the colonists voice.
What were the two big ideas did thomas believe in?
The two big ideas that Thomas Jefferson believed in were that he believed that the colonies should be free from Britain and he believed that the British had no right to tax the colonies because they had no representatives to represent them.
How did smith's on international trade differ from those of mercantilists?
Adam Smith's approach to international trade differed from that of mercantilists primarily in his advocacy for free trade and the benefits of specialization. While mercantilists believed in accumulating wealth through a positive balance of trade and government intervention, Smith argued that trade should be based on comparative advantage and voluntary exchange. He posited that countries should focus on producing goods they can make most efficiently, leading to overall economic growth and mutual benefits rather than zero-sum competition. This shift emphasized the importance of market forces over state control in fostering economic prosperity.
