The sixteenth-century economic theory known as mercantilism held that a nation's prosperity was determined by the amount of gold and silver it had. This requires the nations to encourage exports and discourage imports in order to increase the differential between their exports and imports.
The important characteristics of mercantilism were:
1. A favorable trade balance: Mercantilists held that in order to build prosperity, a nation should endeavor to sell more things than it imports.
2. Protectionism: To shield native businesses from foreign competition, mercantilists argued for the use of tariffs, subsidies, and other trade barriers.
3. Precious metals stockpiling: According to mercantilists, a country's wealth was largely dependent on the stockpiling of gold and silver. They supported measures that increased exports while discouraging imports.
4. Government intervention: Mercantilism emphasized strong government control and regulation of the economy. Governments played an active role in promoting trade, setting trade policies, and providing subsidies to industries.
Therefore, the goal of mercantilism was to increase a nation's wealth and power through a combination of protectionist measures, colonialism, and the accumulation of precious metals.
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Answer:
Mercantilism Mercantilism was a sixteenth-century economic philosophy that maintained that a countrys wealth was measured by its holdings of gold and silver (Mahoney, Trigg, Griffin, & Pustay, 1998). This recquired the countries to maximise the difference between its exports and imports by promoting exports and discouraging imports. The logic was transparent to sixteenth-century policy makers-if foreigners buy more goods from you than you buy from them, then the foreigners have to pay you the difference in gold and silver, enabling you to amass more treasure.
Integration was much slower in the North than in the South.
B.
Northerners and southerners alike accepted it as the law of the land.
C.
Many northern blacks moved south so their children could attend integrated schools.
D.
Many southern whites resisted it by every means possible.
Answer:
The vast majority of immigrants in 1900 arrived from Europe; today, the majority come from Latin America and Asia. In 1960, over 60 percent of immigrants were from Europe (see Figure 1-2), and the top five countries of birth among the foreign-born were Canada, Germany, Italy, Poland, and the United Kingdom
B. The banking industry extended credit only to rich Americans who they knew would pay them
back.
C. The banking industry adopted policies that made it more difficult to purchase a house, which
increased the value of existing houses.
D. The banking industry made it easier to borrow money, leading to an increased demand for cars
and other high-priced goods.
Answer:
The correct response is Option D. The banking industry made it easier to borrow money, leading to an increased demand for cars and other high-priced goods.
Explanation:
There are a number of factors that led to the economic boom in the 1920s. There was a sharp increase in consumerism and the purchase of consumer goods, which also had a twofold impact. There was more demand for companies to make more products, and they needed more workers to be able to make the products and to meet demand, so this brought economic growth. It also became easier for people to borrow money or to purchase big-ticket items on credit, and this led to an overextension of credit because people were buying stocks with borrowed money and engaged in speculation buying, for example. This helps to explain the devastating stock market crash in 1929.
Answer:
D
Explanation:
did the quiz
True
B.
False
Answer:
true :) hope this helps
Explanation: