Under mercantilism, governments enacted policies in favor of the merchants.
Scottish philosopher Adam Smith coined the term "mercantilism." He criticized what he called the "mercantile system" (or 'merchants' system,' we might say), because it restricted trade and thus restricted economic growth. The mercantile system believed the wealth of the world was a fixed amount, measured primarily in gold and silver accumulated. The system promoted a nation selling its products abroad but not needing to buy from others, or imposing heavy tariffs if importing anything. Commerce was heavily controlled by the government through charters granted to specific trading companies. That's the way that governments enacted policies in favor of the merchant class that supported the country's armies.
Smith countered by advocating a free market -- the opportunity for all nations to increase their wealth by exchanging goods freely with one another according to what would become known as capitalist principles.
The first leader of the Soviet Union was Vladimir Lenin.
Answer:
In June 1950 communist North Korea invaded South Korea. The United States came to the aid of South Korea at the head of a United Nations force composed of more than a dozen countries. Communist China joined North Korea in the war in November 1950, unleashing a massive Chinese ground attack against American forces.
Explanation:
Martin Luther Kind Jr or MLK Jr was a social activist as well as a Baptist minister. Martin Luther King Jr played an important role in the American Civil Rights movement. He was born on January 15, 1929. Unfortunately MLK was assassinated in April 4, 1968. He died at the age of 39.
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The bombing of pearl harbor, and World War I
