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What was the dominant economic philosophy in western Europe during the 17th century?

The dominant economic philosophy in Western Europe during the 17th century was mercantilism. This system emphasized the importance of accumulating wealth, primarily gold and silver, through a positive balance of trade, where exports surpassed imports. Governments actively intervened in the economy to promote national interests, often through protectionist policies and colonial expansion. This approach laid the groundwork for the rise of modern capitalism and the later development of free-market economics.


What year was mercantilism started?

Mercantilism was the dominant school of thought in Europe throughout the late Renaissance and early modern period (from the 15th-18th century).


The third period of philosophy of the nineteenth century was dominated by which of these?

British idealism


Does 1600s mean 16th century?

No. The 1600s is a decade (in fact 1601-1610), and is the first decade of the 17th century.The 16th century is the years 1501-1600. This is because there is no year 0 in the common calendar, so the first century begins in the year 1 AD/CE. Add 1500 and fifteen respectively, and the 16th century starts in 1501. That's how to remember it.Sometimes historians (especially in economic history) speak of a "long sixteenth century" spanning c.1470-1620 (or c.1470-1640),a period distinguished by growing population, rising prices, economic resurgence and the strengthening of national monarchies in Europe and coming between the late medieval crisis (1315-1470) and the "seventeenth-century crisis" (1620/40-1740).


What century was yin yang invented?

Yin/Yang is not an invention, it is an ancient Chinese philosophy. I do not believe (not sure) there is information on exactly what century it came about.

Related Questions

What was the dominant approach to philosophy in England and the us in the 20th century?

Analytic philosophy


What countries were in direct economic competition during the early seventeenth century?

You did not list any countries.


What was the name of the set of principles that dominated economic thought in the seventeenth century?

mercantilism


Is seventeenth century the same as 1300?

I thought the seventeenth century was the 1600's??


Basic economic and political theory by which seventeenth and eighteenth century European powers governed their overseas colonies?

mercantilism


What is the name of the set of principles that dominated economic thought in the seventeenth century?

Mercantilism


The basic economic and political theory by which seventeenth- and eightennth- century European powers governed their overseas colonies?

mercantilism


What country had the greatest number of people emigrating in the seventeenth century?

The country that had the greatest number of people emigrating in the seventeenth century was England. Many English people left their homeland in search of better economic opportunities, religious freedom, and adventure.


What century is 1681?

Seventeenth Century (17th)


Is the seventeenth century the same as the 1600s?

No, but almost. The Seventeenth century is 1601 to 1700. The 1600s are 1600 to 1699.


The primary motive of those who founded the British colony in Virginia during the seventeenth century was the?

Their primary motive was the desire for economic gain.


What was the main motivating factor for European maritime expansion in the sixteenth and seventeenth century?

C. to increase economic oppurtunity was the main motivating factor for European maritime expansion in the sixteenth and early seventeenth centuries