Mercantilismhas been defined as "a system of government intervention to promote national prosperity and increase the power of the state
The Industrial Revolution cut the time needed to manufacture clothing and other goods. It also industrialized trade, seeing as how most of the traded goods came from factories.
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Since it was capable of making reform efforts, Great Britain has been able to prevent rebellion in the 1830s and 1840s, unlike certain European countries that refused any other kind of transition (e.g. Russia) The Reform Act of 1832, for example, acknowledges apparent changes that have occurred in British life during the Industrial Revolution, which gave modern manufacturing societies some say in government. The Poor Law of 1834 helped the poor by trying to make them want to work when there was nothing else for them to do. The Corn Laws were revoked, lowering bread prices and benefiting the industrial middle class, who supported free trade.
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The Hammurabi code of laws, a collection of 282 rules, established standards for commercial interactions and set fines and punishments to meet the requirements of justice. Hammurabi's Code was carved onto a massive, finger-shaped black stone stele (pillar) that was looted by invaders and finally rediscovered in 1901.
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