What is Mercantilism?

Mercantilism, also known as the "commercial standard", was born and popular in Western Europe from the 15th century to the mid-17th century. It grew into free trade after the 19th century. It was the original capital of Western Europe from the 16th to 17th centuries after the dissolution of feudalism An economic theory or economic system during the accumulation period, an economic theory and policy system that reflects the interests of the bourgeoisie during the original accumulation of capital.

Mercantilism

Mercantilism, also known as the "commercial standard", was born and popular in Western Europe from the 15th century to the mid-17th century. It grew into free trade after the 19th century.

The earliest studies and theories of international trade in history were almost exclusively from the works of the business school.

Mercantilism was the original economic theory of the bourgeoisie. Emergence and development of the dissolution of feudalism and Europe

Early 15th century, legitimate

Mercantilism promoted the development of commodity-money relations and capitalist industry and commerce, and created the necessary conditions for the growth and establishment of capitalist production methods. Mercantilist policies and theories have historically promoted the original accumulation of capital and promoted the establishment and development of capitalist modes of production. Countries that adhere to mercantilism, such as Britain and the United States, and even China, have developed mercantilism into the second largest economic power in the world. Latin American countries such as France, Italy, and Western countries have focused on developing heavy industrial countries such as Germany and Russia.