What was mercantilism, and what was its effect on European economies during the seventeenth and eighteenth centuries?
What will be an ideal response?
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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Which two of the following are among the goals of the Occupy Wall Street movement?
a. increased financial regulation b. end of unions and union shops c. lower taxes d. resources to reduce unemployment
The late-nineteenth-century sociologist Lester Frank Ward
A. believed that human intelligence, not natural selection, shaped society. B. believed that government intervention in society would be harmful. C. argued that people could do little to alter the economic stratification of society. D. suggested that industrialism was creating "organization men." E. sought to apply Darwinian laws to human society.
Which of the following was NOT a member of the Central Powers in World War I?
A. Bulgaria B. Turkey C. Germany D. Italy
With which New Deal program was Frances Perkins most clearly associated?
a. National Labor Relations Board b. Social Security system c. National Recovery Administration d. Agricultural Adjustment Administration