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Topic: Mercantilism


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In the News (Fri 22 Jun 18)

  
  Mercantilism - Wikipedia, the free encyclopedia
Mercantilism suggests that the ruling government should advance these goals by playing a protectionist role in the economy, by encouraging exports and discouraging imports, especially through the use of tariffs.
Mercantilism was the dominant school of economics throughout the early modern period (from the 16th to the 18th century, which roughly corresponded to the emergence of the nation-state).
Mercantilism helped create trade patterns such as the triangular trade in the North Atlantic, in which raw materials were imported to the metropolis and then processed and redistributed to other colonies.
en.wikipedia.org /wiki/Mercantilism   (3282 words)

  
 NationMaster - Encyclopedia: Mercantilism
Mercantilism is the economic theory that a nation's prosperity depends upon its supply of gold and silver, that the total volume of trade is unchangeable.
Mercantilism had a profound effect on the economies and societies of early modern Europe as fiscal and trade policy were altered to conform with the theory.
Mercantilism tended to fuel colonialism under the belief that a large empire was the key to wealth.
www.nationmaster.com /encyclopedia/Mercantilism   (6205 words)

  
 Encyclopedia :: encyclopedia : Mercantilism   (Site not responding. Last check: 2007-10-22)
Mercantilism is the economic theory holding that the prosperity of a nation depends upon its supply of capital and that the global volume of trade is unchangeable.
Mercantilism suggests that the government should advance these goals by playing an active, protectionist role in the economy by encouraging exports and discouraging imports, especially through the use of tariffs.
Mercantilism was the dominant school of economics throughout the early modern period (from the 16th to the 18th century).
www.hallencyclopedia.com /Mercantilism   (3581 words)

  
 Mercantilism   (Site not responding. Last check: 2007-10-22)
Mercantilism is the economic theory that a nation 's prosperity depended upon its supply of gold and silver, that the total volume of trade is unchangeable.
Mercantilism is the economic policy that flourished in the early modern period are often referred to as mercantilism or as the mercantile system.
Mercantilism fuelled colonialism under the belief that a large empire was the key to wealth.
www.serebella.com /encyclopedia/article-Mercantilism.html   (1046 words)

  
 Mercantilism
Mercantilism refers to a theory of economics that is focused on economic nationalism in order to create a more prosperous state.
The renowned economist Adam Smith was the first to use the expression “mercantile system”, and it defined a system based on the government actively fostering economic policies of protectionism that would promote export and discourage import so as to enhance capital.
It was during this era of mercantilism that much of what constitutes modern capitalism was instituted, as witnessed by the economic policies of government intervention and control.
www.iscid.org /encyclopedia/Mercantilism   (283 words)

  
 Mercantilism - MSN Encarta
Mercantilism, economic policy prevailing in Europe during the 16th, 17th, and 18th centuries, under which governmental control was exercised over industry and trade in accordance with the theory that national strength is increased by a preponderance of exports over imports.
Mercantilism was characterized not so much by a consistent or formal doctrine as by a set of generally held beliefs.
The use of colonies as supply depots for the home economies, and the exclusion of colonies from trade with other nations produced such reactions as the American Revolution, in which the colonists asserted their desire for freedom to seek economic advantage wherever it could be found.
encarta.msn.com /encnet/refpages/RefArticle.aspx?refid=761564630   (418 words)

  
 Mercantilism
Mercantilism can be identified as an economic phenomena when Europe was moving away from feudal socioeconomic system and becoming capitalist.
Mercantilism as an economic practice and policy was essentially defended by royal authorities (the "Crown") - which had a vested interest in having an economy that would grow while at the same time weakening the position of the landed feudal lords.
Mercantilisms functioned on the basis that the strength and wealth of a nation to be measured by the amount of gold and silver the country had.
www.unm.edu /~nvaldes/350/mercant.htm   (742 words)

  
 Mercantilism, by Laura LaHaye: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Mercantilism is economic nationalism for the purpose of building a wealthy and powerful state.
The most important economic rationale for mercantilism in the sixteenth century was the consolidation of the regional power centers of the feudal era by large competitive nation-states.
Of the false tenants of mercantilism that remain today, the most pernicious is the idea that imports reduce domestic employment.
www.econlib.org /library/Enc/Mercantilism.html   (1957 words)

  
 Mercantilism
Under mercantilism, government is to organize the economy in the best interests of the nation; under capitalism, for the best interests of business; and under socialism, for the best interests of workers -- all for the common good.
All have agreed that mercantilism contributed little to advance economic science -- as if that were some kind of benchmark to establish either the reality or the importance of such a doctrine.
Heckscher, in detailing the origins, development and workings of mercantilism, may have sounded a bit too triumphalist a note but the simple fact is that mercantilism accomplished what it proponents promised.
www.eh.net /bookreviews/library/mccusker.shtml   (2163 words)

  
 MERCANTILISM   (Site not responding. Last check: 2007-10-22)
The dominant economic policy in Europe in the 16th, 17th, and 18th centuries, mercantilism arose in the Middle Ages from attempts by newly formed national states to eliminate internal tariffs.
Mercantilism aimed to increase a nation's wealth by increasing its exports while simultaneously decreasing its imports.
This new economic practice, known as neo-mercantilism, re-invited the government to involve itself in the regulation of trade and industry as a means of achieving political and strategic objectives.
www.ilaunion.org /history_mercantilism.htm   (298 words)

  
 Mercantilism is alive and well in Mexico
Mercantilism was the dominant economic system that ruled Europe from the 15th to 18th century.
The Spanish and the French brought the ideas behind mercantilism to the New World while both were in heydays of the practice, during their periods of Mexican occupation.
Mercantilism is a many-dimensioned economic system, but the most important component of the doctrine is state control over business.
www.mexidata.info /id494.html   (751 words)

  
 Capitalism
But the contraction of the Roman empire from the fifth century onwards also contracted mercantilism until, by the 700's, it was not a substantial aspect of European culture, that is, European economies tended to localize.
The medieval Europeans essentially learned mercantilism from their Islamic neighbors, evidenced in large part by the number of economic terms in European languages that are derived from Arabic, such as tariff and traffic.
From the 1300's, Europeans would begin expanding their mercantile practices, resulting in a social mobility hitherto unseen in European culture as well as pushing Europeans, as it did the Muslims, to explore distant parts of the globe.
www.wsu.edu:8001 /~dee/GLOSSARY/CAPITAL.HTM   (923 words)

  
 Mercantilism   (Site not responding. Last check: 2007-10-22)
Mercantilism is the economic policy that in the early modern period are often referred to as mercantilism or as the mercantile system.
A key tenet of mercantilism is that raw or unfinished materials disadvantages a nation as greater wealth results from performing manufacturing work within that nation.
Liberalism and mercantilism differed on one key Mercantilism states that all the world's people compete for the world's limited wealth.
www.freeglossary.com /Mercantilist   (785 words)

  
 Mercantilism   (Site not responding. Last check: 2007-10-22)
Mercantilism, or the mercantile theory, was the economic theory utilized by Great Britain towards its empire during the 17
Within the theory of mercantilism the colonies were meant to be a source of raw materials and a market for finished products (manufactured goods).
As a planned economy, another side of mercantilism was to protect the colonies so that, for example, the growing of tobacco was forbidden in England.
www.runet.edu /~shepburn/mercantilism.htm   (212 words)

  
 Mercantilism
Mercantilism was the theory of trade espoused by the major European powers from roughly 1500 to 1800.
Mercantilism was a reaction against the economic problems of earlier times when states were too weak to guide their economies and when every town or principality levied its own tariffs on goods passing through its borders.
Opposition to mercantilism was contained in the doctrine of laissez faire.
www.u-s-history.com /pages/h622.html   (309 words)

  
 Mercantilism   (Site not responding. Last check: 2007-10-22)
No general definition of mercantilism is entirely satisfactory, but it may be thought of as a collection of policies designed to keep the state prosperous by economic regulation.
German mercantilism was concerned primarily with increasing the economic power of the state by internal regulation.
During the eighteenth century, the Spanish relaxed their colonial restrictions somewhat, not because they were converted from mercantilism, but because they realized that the old system was by then outmoded and unenforceable.
mars.wnec.edu /~grempel/courses/wc2/lectures/mercantilism.html   (2300 words)

  
 mercantilism - HighBeam Encyclopedia
MERCANTILISM [mercantilism], economic system of the major trading nations during the 16th, 17th, and 18th cent., based on the premise that national wealth and power were best served by increasing exports and collecting precious metals in return.
State action, an essential feature of the mercantile system, was used to accomplish its purposes.
Freeing the market: by abandoning the regulations of mercantilism, England became an economic powerhouse.
www.encyclopedia.com /html/m1/mercanti.asp   (577 words)

  
 Archive | April 1999 | The return of mercantilism
To enforce protectionism, a strong central government is needed to intervene in economic affairs, the one area where these two men claim to be the most libertarian.
"Mercantilism was not only a policy of intricate government regulations; it was also a pre-Keynesian policy of inflation, of lowering interest rates artificially, and of increasing "effective demand" by heavy government spending and sponsorship of measures to increase the quantity of money.
Their economic plans are dangerous and must be avoided; mercantilism ought not be repeated any more so than it has been.
www.enterstageright.com /archive/articles/0499mercantilism.htm   (1185 words)

  
 Mercantilism In Europe   (Site not responding. Last check: 2007-10-22)
Mercantilism Between 1600 and 1800 most of the states of western Europe were heavily...
Mercantilism was based on the theory that the purpose of...
intermingled--from the influence of sugar on mercantilism to the influence of coffee on the modern...
www.antekmarketing.com /mercantilismineurope   (1189 words)

  
 Mercantilism
The various ideas about economic policy that flourished in the early Modern period are often referred to as mercantilism.
Mercantilism also fuelled the intense violence of the seventeenth and eighteenth centuries in Europe.
Elements of mercantilist theory have still remained in economic discourse throughout the years, despite the general demise of mercantilism on the whole.
www.fastload.org /me/Mercantilism.html   (933 words)

  
 MyJewishLearning.com - History & Community: Mercantilism
By the opening of the eighteenth century the typical mercantilist, preoccupied with accumulating money, was little concerned with matters of religion and religious heresy; for in the world of mercantilism the issues of morality and religion were irrelevant nuances.
The practical monarchs of Western Europe were aware of this fact; they recognized the usefulness of an experienced mercantile people, a footloose urban people with international connections, avid, even desperate, to exploit opportunity wherever it might be found.
Hence the age of mercantilism, which was also the age of absolutism, coincided with the transfer of the Jewish problem from the religious to the political sphere.
www.myjewishlearning.com /history_community/Modern/EarlyModern/Mercantilism.htm   (1459 words)

  
 Mercantilism   (Site not responding. Last check: 2007-10-22)
Mercantilism is the economic theory that a nation 's prosperity depended upon its supply of gold and silver, that the total volume of trade isunchangeable.
Mercantilism isthe economic policy that flourished in the early modern period are often referredto as mercantilism or as the mercantile system.
From a mercantilist perspective, England established colonies in the western hemisphere to have an independent source of timber, rather than depending on purchases from the Baltic area;this was important in ship -building, and thus in maintaining naval power.
www.therfcc.org /mercantilism-2777.html   (942 words)

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