Mercantilism & the wars of Louis XIV

Mercantilism is an economic philosophy that aims to make a country wealthier by promoting exports and suppressing imports to a certain country in the name of “a favorable balance of trade”. Mercantilism was influential from the 16th to the 18th centuries. A common aim of the mercantilists was to keep the gold and silver in … Continue reading Mercantilism & the wars of Louis XIV

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