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Novay_Z [31]
3 years ago
12

Explain the political, economic, and cultural impact of the British mercantile system

History
1 answer:
jolli1 [7]3 years ago
7 0

Adam Smith invented the expression “mercantile system” to portray the arrangement of political economy that tried to advance the nation by controlling imports and encouraging exports.

The impacts were:

Political - the political angles for the British mercantile system is critical. Having a solid economy is extremely important to a ruler's power and his prestige.

Economic - economically it was a standout amongst other times for England. They had the biggest naval force after the defeat of Spanish fleet, and controlled shipping paths. They could exchange with the world.

Social - with the new mercantile system likewise came social trade w/new world and old

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(a) Powers set aside for states use by the constitution (b) The constitution is binding on all authorities and persons throughout the federation (c) Powers given to federal government and states government to legislate on certain issues. (d) Fundamental human right of the citizens shall not be deprived without following the due process established by the constitution (e) Powers which are not directly given to a level of government to exercise power on such issues.

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Concurrent powers under the 9th Amendment : This is the powers given by the constitution to federal government and states government to legislate on certain issues .but in order to eliminate crisis and confusion in the event of any conflict arising as a result of interest between the state and federal laws on these issues, then the federal laws take pre- eminence over those of state. For example issues such as education, health, sports and so on.

Due process powers under the 14th Amendment : This is the powers which states that citizens fundamental human right such as right to life, right to dignity of human persons, right to personal liberty and so on shall not be taken away from them except by following the due process stipulated by the constitution for such right to be deprived.

Implied power under Article iv : These are the powers which are not directly given to level of government but which is assumed that a level of government can exercise power on such issues because they are found to be the same with issues which are given to them by the constitution to legislate upon.

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