Define mercantilism, and discuss its effect on European economies during the seventeenth and eighteenth centuries.
What will be an ideal response?
Answers will vary. Mercantilism is the economic principle that regulates an economy in a country's best interests. It relies on colonialism and production of goods to benefit the state's economy, with revenue flowing to the crown. It fosters the necessity of competition with other countries for goods and resources. In the case of France, Louis XIV was particularly keen on knocking the Dutch out of competition. Mercantilism required a strong, centralized government to encourage native production and consumption of goods, and required achieving a balance of trade by exporting more than was being imported. The state was empowered to promote the growth of trade at any cost, and to knock out the competition, it frequently engaged in war. As a consequence, many of the wars seen throughout Europe in this time period were often less about religion and direct military clashes than an underlying economic reason.
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African American labor activist Lucy Parsons was a(n) ________ and favored the overthrow of a government that was not responsive to the needs of workers
A) anarchist B) socialist C) Communist D) Republican
Truman's Fair Deal was largely unsuccessful because
A) much of Truman's second term was focused on the war in Korea. B) the Red Scare took much of the focus away from Truman's domestic agenda. C) powerful interest groups such as organized labor and the American Medical Association blocked passage of Fair Deal legislation. D) all of the above.
The oil embargo against the United States in 1973 followed directly in the wake of the
A) Yom Kippur War. B) Suez Canal crisis. C) United States' full withdrawal from Vietnam. D) reelection of U.S. President Richard Nixon. E) Israeli seizure of the Golan Heights from Syria.
Which of the following best describes the distribution of nationalities within the Habsburg empire?
a. Germans in the west, Romanians in the east, Ukrainians in the south, Croats in the north b. Italians in the west, Germans in the east, Serbs in the south, Czechs in the north c. Italians in the west, Magyars in the east, Czechs in the south, Slovaks in the north d. Germans in the west, Magyars in the east, Serbs in the south, Poles in the north