Absolute rulers often used their vast wealth to enhance their power and prestige through grandiose building projects, such as palaces and monuments, which symbolized their authority and served as centers of administration. They also funded military campaigns to expand their territories and secure their dominance. Additionally, they patronized the arts and culture, commissioning works that glorified their reign and promoted their ideologies. This wealth was also used to maintain a lavish lifestyle and to buy loyalty from nobility and key allies.
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.
They had heard of valuable spices and other wealth that others had found.
accumulated other comprehensive income
Gold was not a source of wealth for Ghana's rulers; instead, it was the trade in salt that significantly contributed to their wealth. Salt was highly valued for preservation and nutrition, and the trans-Saharan trade routes facilitated its exchange for gold and other goods. Additionally, the rulers of Ghana gained wealth through taxation on trade and control of trade routes. This economic system ultimately established Ghana as a powerful empire in West Africa.
An abundant supply of slaves and the wealth from tribute, plunder, and trade allowed Egyptian Pharaohs and other rulers to consolidate power and maintain large-scale construction projects, such as monumental temples and pyramids. This wealth also supported the development of a sophisticated administrative system, funded military campaigns, and facilitated trade with neighboring regions. Ultimately, it enabled rulers to enhance their prestige and enforce social hierarchies, ensuring stability and control over their territories.
For Muslim rulers in pre-colonial Africa, the hajj (pilgrimage to Mecca) was a way of establishing relationships with other rulers. Mansa Musa's pilgrimage made his kingdom famous for its wealth in gold.
If leader makes bad decision, his/her power is severely weakened. if a group of people talk out against the ruler, that weakens their power. if surrounding countries have a government other than absolute power, the rulers absolute power is weakened.
On the one hand, it is the price of fuel. On the other hand, it is greed. Economics is based on the Satanic virtue of accumulated wealth, which requires a commensurate but by no means equal accumulation of poverty.
Rulers would feel ambivalent about the Enlightenment because it promoted ideas of freedom, individual rights, and limited government, which could challenge their absolute power and authority. On the other hand, the Enlightenment also produced ideas that could benefit rulers, such as promoting reason, education, and efficiency in government.
Wanted more wealth (and yes this is the right answer i hope bc i read it in my book tho) so yes its right!
Accumulated depreciation and depreciation are related with each other as depreciation is annual expense while accumulated depreciation is the sum of all annual depreciation expenses.
Accumulated depreciation and depreciation are related with each other as depreciation is annual expense while accumulated depreciation is the sum of all annual depreciation expenses.