1)capitalism- an economic system based on private ownership and competition motivated by profit. 2)chattel- a type of slavery where the slave is the sole property of the master with no rights. 3)imperialism- policy extending political, economic, or military rule over another. 4)reform-To change or improve something by correction faults removing abuses. 5)mercantilism- an economic system where colonies supply goods to the mother country.
It makes foreign goods more expensive. That allows domestic industry the luxury of charging more for their goods because now foreign goods are more expensive.
Based on the quotes above, it is reasonable to assume that both presidents aim to prioritize education and teaching in the country. They are very well focused on the improvement of education and are devising ways to value education in action.