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Mercantilism is a policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, tariffs and subsidies on traded goods to achieve that goal. These policies aim to reduce a possible current account deficit or reach a current account surplus. Mercantilism includes an 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.[1] Mercantilist theory varies in sophistication from one writer to another and has evolved over time.
Mercantilism was dominant in modernized parts of Europe from the 16th to the 18th centuries, a period of proto-industrialization,[2] before falling into decline, although some commentators argue that it is still practiced in the economies of industrializing countries,[3] in the form of economic interventionism.[4][5][6][7][8] It promotes government regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. High tariffs, especially on manufactured goods, were an almost universal feature of mercantilist policy.[9]
With the efforts of supranational organizations such as the World Trade Organization to reduce tariffs globally, non-tariff barriers to trade have assumed a greater importance in neomercantilism.
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they wanted to support them so they could get part of the companies
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The State of Sequoyah was a proposed state to be established from the Indian Territory in the eastern part of present-day Oklahoma. In 1905, with the end of tribal governments looming, Native Americans of the Five Civilized Tribes—the Cherokee, Choctaw, Chickasaw, Creek, and Seminole—in Indian Territory proposed to create a state as a means to retain control of their lands. Their intention was to have a state under Native American constitution and governance. The proposed state was to be named in honor of Sequoyah, the Cherokee who created a writing system in 1825 for the Cherokee language.
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1) To create a massive, breath-taking structure conveying the wealth, might and power of Rome.
2) and plus To provide a permanent purpose-built arena in the centre of Ancient Rome for staging various forms of entertainment for the Ancient Romans - a gift to Roman Citizens
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