Feudalism is the denomination of the predominant political system in Western Europe of the middle centuries of the Middle Ages (between the 9th and 15th centuries), and in Eastern Europe during the Modern Age, characterized by the decentralization of political power; based on the diffusion of power from the top (where in theory were the emperor or kings) to the base where local power was exercised effectively with great autonomy and independence by an aristocracy, called nobility.
John Quincy Adams and Henry Clay.
Mercantilism was a widely economic practice during the 16th century - 18th century by countries such as Britain, France, Spain, Portugal, Italy, Germany, Netherlands.
- The economic practice "Mercantilism" is a belief anciently used to conserve nation's wealth and power through increasing exports over imports.
- Thus, a mercantilist an entity who embrace and practice Mercantilism.
In conclusion, a mercantilist will definitely agree the practice is good for the country because its protect and increases the countries economic wealth, leading to increased influence and power.
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Being multinational organisations the IMF, World Bank and WTO can start programs that not only would focus on providing shelter, food and clothing to the poor but also a good and sustainable source on income. By providing a sustainable livelihood to these poor people these organisations would them be able to provide themselves making them able to no longer rely on charity and donations in order to survive their daily lives. By having a sustainable source of income these poor people can have the ability to gain money which then can be used to buy their own food, clothing, shelter and education. The most important thing that money would give to these poor people is education. Through proper education these poor people would increase their knowledge enabling them to be qualified for higher paying jobs.
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