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.
Answer:
All northern states had abolished slavery by 1830, however, in the South, slavery was more important and widespread than ever. The economy of the South depended on the slave labor working in cotton plantations.
Explanation:
This led to bitter disagreements between the North and the South about slavery. Some compromises were reached but the tensions continued.
The most important was the Missouri Compromise, which allowed Missouri to enter the union as a slavery state in exchange for the entrance of Maine as a free state. Besides, the Missouri Compromise prohibited slavery above the 36° parallel in the new territories. If this held true today, Arizona, New Mexico, and Southern California would be slave states.
Abraham Lincoln and the new Republican Party opposed slavery in all new U.S. territories, whether they were below the 36° parallel or not. When Lincoln was elected president, the South saw him as a threat for slavery in the South even if Lincoln neven explicitely said that he wanted to abolish slavery in all U.S. states.
This led to the secession of several southern states, the creation of the Confederacy, and finally, the Civil War.
Ottoman monopoly on trade wth Asia
Answer is 3.
Explanation:
Germany wanted to be apart of russianan soviet union.
