Mercantilism was an economic theory and practice, dominant in modernized parts of Europe during the 16th to the 18th century,[1] that promoted governmental regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. It was the economic counterpart of the previous medieval version of political power: divine right of kings and absolute monarchy.[2] Mercantilism includes a national economic policy aimed at accumulating monetary reserves through a positive balance of trade, especially of finished goods. Historically, such policies frequently led to war and also motivated colonial expansion. Mercantilist theory varies in sophistication from one writer to another and has evolved over time. High tariffs, especially on manufactured goods, are an almost universal feature of mercantilist policy. Other policies have included
C. Identify and describe at least two (2) positive events during this period. Tell why you believe these events were positive and whether these events were influenced by Jackson's presidency.
Answer:
Explanation:The notion of political independence covers the nonmaterial elements of State sovereignty and power, namely the freedom of political decision-making and the direction of State organs in respect of the internal and international affairs of a State.
Because the soil was alotbetter to grow plantsor cropsin
